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 12:00AM