Capital gains rollover extended for residential property when reinvested in eligible start ups before filing returns. The proviso to sub-section (5) of section 54GB is amended by substituting the year to permit capital gains from transfer of residential property made up to 31st March, 2022 to qualify for rollover relief where the net consideration is used to subscribe to equity shares of an eligible start-up before the due date of filing the return of income; the amendment takes effect from 1st April, 2021.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains rollover extended for residential property when reinvested in eligible start ups before filing returns.
The proviso to sub-section (5) of section 54GB is amended by substituting the year to permit capital gains from transfer of residential property made up to 31st March, 2022 to qualify for rollover relief where the net consideration is used to subscribe to equity shares of an eligible start-up before the due date of filing the return of income; the amendment takes effect from 1st April, 2021.
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