Capital gains tax

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Partha Chattopadhyay (Querist)
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31 March 2019 On selling an ancestral residential house, a capital gain of Rs 2 lakh was made during 2018-19.Now, because of 31st March being a Sunday (Holiday) it is proposed to purchase a capital gains bond (Rural Electrification) of Rs 2L during the week ending on 6.4.2009. Can I claim tax relief for AY2019-20 though I am late by a week in purchasing this bond? Looking for your opinion..

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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31 March 2019 Investments in RECL/NHAI bonds needs to be done within 6 months from the date of transfer. In other words, you are not late to invest and you still have time to invest and take Exemption

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 April 2019 https://www.lawyersclubindia.com/experts/Tax-on-capital-gain-704621.asp

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