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54ec bond

This query is : Resolved 

09 February 2016 SIR CAN I PURCHASE BOND UNDER SEC 54EC OF INCOME TAX ACT , FOR SAVING CAPITAL GAIN , AFTER DETATH OF MY FATHER ,

10 February 2016 My understanding about your case is:
Your father has attained Capital Gain on sale of Capital Assets but before making any investment u/s 54EC or other eligible sections, he passed away.

If above is correct, you as legal representative and the legal heir should be eligible to make investment out of sale consideration if same is done within time permitted u/s 54EC.



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