Capital Gains
This query is : Resolved
10 November 2020
Property was sold on 21st march 2020 resulting into a capital gain of 2365000 approx...assessee want to claim exemption u/s 54EC.
Q1Has the 6 month time period lapsed to invest in bonds or has it been extended due to covid 19
Q2: dose a shop (although not used) qualify under LTCG
thanks in advance
Q1Has the 6 month time period lapsed to invest in bonds or has it been extended due to covid 19
Q2: dose a shop (although not used) qualify under LTCG
thanks in advance
10 November 2020
1) Extended due date expired on 30th September ,2020.
2) Yes. Inference section 2(14)(a) r.w.s 2(29A)
2) Yes. Inference section 2(14)(a) r.w.s 2(29A)
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