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  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...
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