Section 89 of Income Tax Act 2025: Extension of Time Limits When Asset Is Compulsorily Acquired and Compensation Is Delayed

Section 89 is a rescue provision. If the government acquires your asset but delays payment, your capital gains exemption clock does not start until you actually receive the compensation. No penalty for the government's delay.

Read MoreSection 89 of Income Tax Act 2025: Extension of Time Limits When Asset Is Compulsorily Acquired and Compensation Is Delayed