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

1. Section-89 as per act

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

1. if the transfer of the original asset mentioned in those sections is by way of compulsory acquisition under any law; and
2. 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

2. Help and useful links for Section-89

1. Income Tax Help Center
2. Income Tax Act 2025 Home
3. Capital Gains Income Tax Guide
4. How to declare Income from Capital Gains?
5. Capital Gains Calculator with Indexation (CII) Benefit
6. Capital Gains Income Tax Filing Service Plan & Pricing
7. Capital Gains Rate & Period of Holding Calculator
8. Capital Gains Tax Filing and related Exemptions
9. Capital Gains Tax Rates — India vs Other OECD Countries
10. Long Term Capital Gains Reinvestment Calculator