Home > Income Tax > Capital Gain > Extension of Time under sections 54,54B,54D,54EC,54F – Section 54H

Extension of Time under sections 54,54B,54D,54EC,54F – Section 54H

Where the transfer under section 54, 54B, 54D, 54EC, 54F is due to compulsory acquisition under any law and the amount of compensation is not received by the assessee on the date of such transfer, the period for acquiring the new asset by the assessee referred to in those sections or, as the case may be, the period available to the assessee under those sections for depositing or investing the amount of capital gain in relation to such compensation as is not received on the date of the transfer, shall be reckoned from the date of receipt of such compensation.

 

About Rohit Pithisaria

I am a Practising Chartered Accountant based in Jaipur, Rajasthan. Co-founder of TaxAdda.com and been in practice for more than 5 years. Have expertise in Income Tax and rendered our services to more than 2000 clients.
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