Question ID :
32771
CAPITAL GAIN UNDER SECTION 54EC
ASSESSEE SOLD HIS RESIDENTIAL PROPERTY ON 3/4/17 RS 4,04,00000 AND INDEX COST OF ACQUISITION AND INPROVEMENT IS OF RS 3,03,27,836. LTCG IS 1,00,72,164. HE INVESTED RS 39,50,000 IN PURCHASE OF HOUSE PROPERTY U/S 54 AND WANT TO INVEST RS 50,00,000 IN BOND UNDER SECTION 54EC.AS PER 54 EC HE MUST INVEST WITHIN 6 MONTHS FROM DATE OF TRANSFER OF ORIGINAL ASSEST. CAN HE INVEST IT BEFORE FILING OF RETURN OF AY 2018-19 UNDER 54EC?
Posted by
CHAITALI CHOKSHI
on
Aug 16, 2018
Filed Under
DIRECT TAXES
NO . Time Limit is only 6 month from transfer/sale
Posted by
SANDEEP KAPOOR on
Aug 17, 2018
Answer ID :
72952
no. Within 6 months only. HOwever if bonds are not available within 6 months it can be extended.
Posted by
VINAY BHARGAV KUMAR G on
Sep 08, 2018