Failure to deposit in Capital Gain Account Scheme, Capital gain tax can’t be deferred
Held Original asset was sold on 22.3.2010 but the assessee had not been able to construct the residential house before 22.03.2013 Mere purchase of residential plot is not sufficient compliance of provisions of section 54F. What was expected from the assessee was to prove on record that the assessee had purchased or constructed a house… Read More »