Thursday, July 18, 2019

Sec. 54F relief to be allowed if sum was deposited in capital gain account scheme before filing belated ITR

INCOME TAX: Where assessee deposited amount of capital gain in capital gain account scheme before expiry of date of filing return under section 139(4), her claim for deduction under section 54F was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/2XPHAZB

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...