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HomeMarketStocksCompliance date for capital gains tax exemption extended to March 31

Compliance date for capital gains tax exemption extended to March 31


The federal government Friday prolonged the final date for making compliance required to say capital positive aspects tax exemption for April 1, 2021 to February 28, until March 31. The comfort was introduced following representations and in view of hardships confronted by taxpayers on account of Covid-induced restrictions. “In train of its energy underneath Part 119 of the Act, hereby supplies that the compliances …, could also be accomplished on or earlier than March 31,” the CBDT notification mentioned.



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