Capital gains
This query is : Open
CHETAN SASTRY M S
(Querist)
18 September 2017
whether any excuse available for delay in investment u/s 54EC even if the issue of bonds are open and investment delayed due to lack of knowledge.
CA Rashmi Gandhi
(Expert)
18 September 2017
No..............
K Srinivas, CMA CS
(Expert)
18 September 2017
Problem is that though genuine, we cannot prove that we didnt invest due to lack of knowledge
CA Rashmi Gandhi
(Expert)
18 September 2017
Only solution is to change date of agreement of sale.
K Srinivas, CMA CS
(Expert)
18 September 2017
It is not easy to change it now, i feel with a future date. The seller has to consider when he has received the funds too.
CA Rashmi Gandhi
(Expert)
18 September 2017
Yes but if legal formality not completed then he can do so.
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