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Income Tax - Highlights / Catch Notes

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Deduction u/s 54F - amount not deposited within time limit u/s. ...

Income Tax

July 23, 2019

Deduction u/s 54F - amount not deposited within time limit u/s. 139(1) but purchase flat before the extended time of filing of return u/s. 139(4) - assessee is entitled deduction for utilization of sale consideration for investment in new residential property within due date as stipulated u/s 139 which cannot be meant only section 139(1) - deduction allowable

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