Capital Gains - 54EC

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Mahesh Babu (Querist)
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01 September 2009 1. can a person who has got long term capital gains invest in bonds mentioned U/s. 54EC in installments?

2. can expemption for capital gains be obtined by investing part of the capital gains in Bonds (U/s 54EC) and a part of the capital gains U/s 54F (i.e. construction of a dwelling house)? is there any restrictions to any of the above.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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01 September 2009 1. can a person who has got long term capital gains invest in bonds mentioned U/s. 54EC in installments ?

Yes, but within 6 months

2 .. can expemption for capital gains be obtined by investing part of the capital gains in Bonds (U/s 54EC) and a part of the capital gains U/s 54F (i.e. construction of a dwelling house)? is there any restrictions to any of the above

YEs

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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01 September 2009 Yes Agree with expert

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