In case of transfer by way of compulsory acquisition by the government the period of 1 year or 2 year or 3 year for acquiring of the property whether by purchase or by construction shall start from the date of receipt of compensation and not from the date of acquisition. Deposit in Capital Gain deposit Account Scheme can be made in the previous year in which compensation is received or till the due date of filing the return of income of the previous year in which compensation is received.
Compulsory acquisition, Investment time limit, Income tax return Explained about the time limit for investment in case of compulsory acquisition.
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