Question ID :
44892
Due date for deposit in CGAS - AY 25-26
Dear All, An assessee is planning to deposit Capital Gain amount in CGAS . Since there is an extension in due date to file the ITR for AY 25-26, can she deposit the amount before the extended due date (while filing the returns) or should this be done on or before 31/7/25.
Posted by
CA. VASUDEVAN P K
on
Jul 09, 2025
Filed Under
DIRECT TAXES
She can deposit the unutilised amount in Capital Gains Scheme before September 15th. This is intune with what is expressed U/s 54 of the Act. The wording is:
"......which is not utilised by him for the purchase or construction of the new asset before the date of furnishing Return of Income under Section 139....."
The Press Release Dated 27.05.25 clearly states that the due date originally due on 31.07.2025 is extended......
Hence she can deposit before 15.09.2025.
Posted by
Rupakula Rajasekhar on
Jul 12, 2025