Time limit for reinvestment under section 54D requires purchase of new asset within the prescribed period after compulsory acquisition. The assessee must purchase the new asset within three years after the date of compulsory acquisition of the undertaking to meet the timing requirement for ... Summary
Time limit for reinvestment under section 54D requires purchase of new asset within the prescribed period after compulsory acquisition.
The assessee must purchase the new asset within three years after the date of compulsory acquisition of the undertaking to meet the timing requirement for the capital gains exemption under section 54D.
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