Examption under sec 54 and 54ec

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alpesh (Querist)

08 December 2015 Dear sir whether the assessee can claime exemption under sec 54 and 54 EC in case if return file should be before 0r after due dates

alpesh

alpesh (Querist)

08 December 2015 Whether sir the asseesse can withdraw amount from NHIA bonds after 3 years by filing form no G in bank and he can use this amount in business and also give it is tax free income

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

08 December 2015 Deposit under NHAI bonds before return file due date.
After 3 years the amount can be withdrawn and used in business.

Nikhil Kaushik

Nikhil Kaushik (Expert)

08 December 2015 for NHAI bonds the limit is within 6 months from capital gains. So keep that in mind. Date of filing of return won't be relevant. Even for section 54 due date is not relevant.

alpesh

alpesh (Querist)

08 December 2015 Dear sir it should be required to file return before 31 st July to claime exemption under both sec.54 and 54 EC

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