| Question And Answer | |
|---|---|
| Subject: | unused amount deposited in Cap Gain Scheme before due date |
| Category: | Income-Tax |
| Querist: | bs |
| Answered by: | Law Intern |
| Tags: | exemption 54F, section 54 deduction, Section 54F deduction |
| Date: | August 31, 2025 |
1] if it pertains to section 54, what is the taxability after 3 years ?
2] if it pertains to section 54F, what is the taxability after 3 years ? can another flat be claimed against this in 4h year ?
Under Sections 54 & 54F, if the amount deposited in the CGAS remains unutilized within the prescribed period, it becomes taxable in that year.
No, another flat cannot be claimed against the unutilized amount in the 4th year. For the unutilized amount, the exemption is forfeited and it becomes taxable.
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