LTCG - Deduction u/s 54F - Assessee has failed to deposit the ...

Income Tax

January 5, 2024

LTCG - Deduction u/s 54F - Assessee has failed to deposit the unutilized amount in the Capital Gain Account out of the total investible/exempted amount - Assessee has invested the amount - Unclreated post dated cheques - Merely because the sale deed had not been executed or that construction is not complete, and it is not such a watertight condition to be fulfilled and does not disentitle the assessee to claim section 54F relief. - AT

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LTCG - Deduction u/s 54F - Assessee has failed to deposit the ...

Income Tax

January 5, 2024

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