Queries

Share
Share This Thread
  1. Umapada Mukherjee

    Umapada Mukherjee New Member

    The Assessee makes investments in 54EC and 54F in due time to claim exemption from Capital Gains and shows all the investments properly in the balance sheet for Claiming exemption Under capital gain but the lawyear fails to Claim exemption in the RETURN though 26AS clearly shows the investments in REC bonds of RS 50,00,000 & B/Sheet clearly shows the purhase of new House Property of RS 73,00,000.Now, Whether the assessee is eligible to claim exemption from Capital Gain???
     
  2. Karan Batra

    Karan Batra Well-Known Member

    The Income Tax Return can be revised within specified timeline and the exemption would be available if disclosed in the revised income tax return
     
    Umapada Mukherjee likes this.
  3. Umapada Mukherjee

    Umapada Mukherjee New Member

    Thank You Karan Sir...
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
2 queries Income Tax Jul 14, 2017
ITR4 queries Income Tax May 8, 2017
Queries regarding 44AD/44ADA Income Tax Nov 26, 2016
Form no.16 queries Income Tax Jul 28, 2016
Tax queries on let-out property having home-loan and co-owners Income Tax Jul 26, 2016