Capital Gain of 54EC bond
This query is : Resolved
05 September 2009
As per the section 54EC the time limit for investing in specified bond of REC or NHAI is 6months from the date of sale but if we have applied for the bond at the end of 5th month i.e. assuming on 28/2/2008 & the amount was credited in the account of REC on 5/03/2008 but the bond were allotted after the end of the 6th month i.e in April 2008..
Is the exemption allowed under the section 54EC in Capital Gain ????
Is the exemption allowed under the section 54EC in Capital Gain ????
06 September 2009
yes since the amount has been credited in REC's within 6 months the benefit u/s 54EC will be recd
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
