In light of the Covid
19 Pandemic, the Central Board of Direct Taxes (CBDT) has allowed some
flexibility regarding the compliances that tax payers must make in order to
claim exemption under sections 54 to 54GB of the Income Tax Act,1961, via
Circular No.01/2023, issued on 6th January 2023.
Compliance with
investment, deposit, payment, and acquisition Purchase construction or any
other required activity under section 54 to 54GB for which the date of
compliance is between 01-04-2021 and 28-02-2022 may be completed on
or before 31st March 2023.
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