Assessee eligible to claim sec. 54F exemption if new house is purchased up to due date of filing of belated ITR

INCOME TAX : In case of long-term capital gain arising from sale of property, deduction under section 54F would be available to assessee in respect of payment towards purchase of new residential house upto due date of filing of return of income prescribed under section 139(4) and not under section 139(1)

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