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of <h1>New Income Tax Bill Clause 89 and Section 54H Extend Capital Gains Reinvestment Period for Delayed Compensation</h1> Clause 89 of the Income Tax Bill, 2025, and Section 54H of the Income-tax Act, 1961, both provide extensions for reinvesting capital gains when an original asset is compulsorily acquired and compensation is delayed. These provisions aim to prevent taxpayers from losing capital gains tax exemptions due to delays beyond their control. Clause 89, part of the new legislative framework, applies to a broader range of sections, while Section 54H pertains to specific sections under the existing law. Both ensure that taxpayers are not disadvantaged by conflicting timelines, allowing for better financial planning and compliance.
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