Capital gain u/s 54ec

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2013 I have earning income from Long term Capital gain of Rs. 25,00,000 from sale of urban agriculture land in A.Y 2013-14.
I invested such LTCG in NHAI Bond and claim exemtion u/s 54EC.
Now my query is after 3 years such capital gain is exempt i.e no need to invest in any other assets. But if after 3 years i purchased a plot of land from the amount received from NHAI Bond. then if i sold such plot for Rs. 50,00,000 after 2 years of purchase. on such selling i earn capital gain. whether
1) there is a capital gain on sale of plot of land.

Rupesh Jain

Rupesh Jain (Expert)
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15 June 2013 afte selling of plot it will be short term capital gain and no exemption will available

all gain include in your income and tax as per income tax slab.

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