ITAT Ruling: Non-deposit of LTCGs Won't Affect Tax Benefits for New Home Purchase

14 Dec 2023 CW Team

In a recent development, the Income Tax Appellate Tribunal (ITAT) has ruled that the non-deposit of Long Term Capital Gains (LTCG) in a designated account will not lead to the denial of tax benefits for the purchase of a new house. The decision clarifies a crucial aspect of the tax regulations, providing relief to taxpayers engaging in property transactions. The ITAT decision underscores the importance of understanding the intricacies of LTCG handling in real estate transactions. Taxpayers can now navigate these regulations with more clarity and assurance, ensuring compliance without the risk of losing eligible tax benefits.

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03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

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