Capital gain tax
This query is : Open
Soumen Roy
(Querist)
09 August 2017
I have forgotten to open capital gainn account on or before the due date of filling itr. I have not submitted ITR also till now. What can I do to get exemption from huge capital gain burden?
CA Rashmi Gandhi
(Expert)
09 August 2017
You can invest in specified bonds.
K Srinivas, CMA CS
(Expert)
09 August 2017
Madam, isn't there a requirement that investment in specified bonds must be within 6 month from date of tranfer?
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
09 August 2017
Yes in 54EC it is compulsion to purchase bonds within 6 months.
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