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Extension of time limit for acquiring new asset or depositing or investing amount of capital gain, in case of compulsory acquisition - (New) Section 89 / (Old) Section 54H
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....e Tax Act, 2025 [ From 01.04.2026 ] Section 89 provides relief in timing for taxpayers who are required to reinvest capital gains (or deposit them in specified schemes) under sections 82 to 86 (capital gains exemption provisions). It ensures that the deadline does not expire unfairly when compensation is delayed in compulsory acquisition cases. Overriding provision • if there....
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.... The time limit for: • purchasing/constructing a new capital asset, or • investing capital gains, or • depositing in a specified bank/institution will start from the date of receipt of compensation. Under Section 54H of the Income Tax Act, 1961 [ Upto 31.03.2026] Extension of time in cases of compulsory acquisition Overriding Provisio....