Section 54H of ITA, 1961 : Section 54H: Extension Of Time For Acquiring New Asset Or Depositing Or Investing Amount Of Capital Gain
ITA, 1961
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Explanation using Example
Imagine Mr. Sharma owned a piece of land that was compulsorily acquired by the government for a highway project. The acquisition happened on January 1, 2022, but he didn't receive the compensation until July 1,...
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