Capital gain

S. M. Chouhan (Querist) 11 April 2014 This query is : Resolved
A sold his long term capital asset and invested the entire amount of sale consideration before the due date of filing of income tax return but after the filing of return.
Did she will get the deduction u/s 54F for investment in new capital asset ?

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Devajyoti Barman (Expert) 11 April 2014
Taxation query.
Consult a CA or a Tax expert.

Anirudh (Expert) 11 April 2014
The requirement for escaping from payment of capital gains tax is that the amount of capital gain should be deposited before the date of filing of the return under Section 139(1) and certain NOT before the DUE date of filing of the return.

In the fact situation given by you, this condition has not been fulfilled.