Planning to save LTCG tax by buying new house? Govt extends time limit till March 31, 2023

The Central Board of Direct Taxes (CBDT) has issued a circular on January 6, 2023, to extend the time limit to claim tax exemption under section 54 and 54GB of the Income-tax Act, 1961. An individual who was required to invest in specified asset between April 1, 2021 and February 28, 2022, now have time till March 31, 2022 to invest and save tax.

from Tax-Wealth-Economic Times https://ift.tt/4zqe6ut