Disallowance of exemption u/s 54 - The assessee shall not be ...

Late Deposits in Capital Gain Account Ineligible for Section 54 Deduction if Made After Section 139(1) Deadline.

June 19, 2017

Case Laws Income Tax AT

Disallowance of exemption u/s 54 - The assessee shall not be entitled for deduction u/s 54 on the amount, which has been deposited in capital gain account maintained with the bank beyond the due date of furnishing of return of income u/s 139(1) of the Act

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Disallowance of exemption u/s 54 - The assessee shall not be ...

Late Deposits in Capital Gain Account Ineligible for Section 54 Deduction if Made After Section 139(1) Deadline.

June 19, 2017

Case Laws Income Tax AT

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