banner_ad

eligibility of investment in 54EC bonds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 June 2011 Whether assessee is eligable for investment in 54EC bonds because of long term capital gain accrue or arise on conversion of land hold as investment into stock in trade?
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
04 June 2011 1. Yes 54EC exemption will be available against LTCG.
2. The Capital Gain will arise in the year of transfer (Actual Sale) of the converted land i.e. Stock in Trade. However, year of conversion will be considered for the purpose of calculation of LTCG.
3. Profit will be separately, calculated on the basis of Fair Market Value on the date of conversion
and sales consideration received for the converted land.
Profile Image

CA Sumat Singhal

Profile Image

CA Sumat Singhal (Expert)
05 June 2011 Yes paras ji right ,,,, if same is LTCG then exemption u/s 54EC is available....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details