Section 89: Extension of time for acquiring new asset or depositing or investing amount of capital gains

The Income-tax Act, 2025Central Act · Act 30 of 2025

Extension of time for acquiring new asset or depositing or investing amount of capital gains.

Irrespective of anything contained in sections 82, 83, 84, 85 and 86,—

(a) if the transfer of the original asset mentioned in those sections is by way of compulsory acquisition under any law; and

(b) if the compensation awarded for such acquisition is not received by the assessee on the date of transfer, then, the period available to him under those sections for acquisition of the new asset or investment or deposit of capital gain in specified bank or institution shall be reckoned from the date of receipt of compensation.

Where this provision sits

Act	The Income-tax Act, 2025
Section	89
Marginal note	Extension of time for acquiring new asset or depositing or investing amount of capital gains
Jurisdiction	Central
Status	In force as published by the source

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