Section 54F exemption under Income Tax Act valid even if capital gains are in regular account, if used timely.

Section 54F exemption under Income Tax Act valid even if capital gains are in regular account, if used timely. https://www.taxtmi.com/highlights?id=37739 Exemption deduction u/s.54F - Merely not keeping the amount in capital gain tax and keeping the same in the bank account and utilizing the same within the statuary period will not disentitle the assessee for claim of deduction u/s.54F. - AT en-us Thu, 25 Jan 2018 09:53:10 +0530 Thu, 25 Jan 2018 09:53:10 +0530 TaxTMI RSS Generator Section 54F exemption under Income Tax Act valid even if capital gains are in regular account, if used timely. https://www.taxtmi.com/highlights?id=37739 Exemption deduction u/s.54F - Merely not keeping the amount in capital gain tax and keeping the same in the bank account and utilizing the same within the statuary period will not disentitle the assessee for claim of deduction u/s.54F. - AT Highlights Income Tax Thu, 25 Jan 2018 09:53:10 +0530 https://www.taxtmi.com/highlights?id=37739