Section 54GB investment deadline: reinvest net sale proceeds in eligible company shares before the income tax return filing due date. The assessee must utilize the net consideration from the original asset sale to purchase equity shares of an eligible company or eligible start up before ... Summary
Section 54GB investment deadline: reinvest net sale proceeds in eligible company shares before the income tax return filing due date.
The assessee must utilize the net consideration from the original asset sale to purchase equity shares of an eligible company or eligible start up before the due date for furnishing the income tax return in order to meet the reinvestment condition for the exemption under Section 54GB.
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