Exemption U/s 54 against LTCG

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This discussion clarifies how to claim exemption on Long Term Capital Gains (LTCG) from selling unlisted shares. While Section 54 applies to investments in house property, Section 54EC is specifically for investments in bonds like NHAI bonds. Therefore, if you've invested in NHAI bonds, you should claim exemption under Section 54EC.

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(Querist)
18 September 2021 I sold my holdings of unlisted shares and getting LTCG. Now, I want to purchased NHAI Bonds. These bonds are exempt u/s 54EC. So, can I claim exemption for tax on LTCG u/s 54.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 September 2021 Yes, you can get exemption u/s. 54F (and not u/s. 54) of IT act; when you invest in any house property.
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yogesh waghchaure

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yogesh waghchaure (Querist)
18 September 2021 Should I claim exemption u/s 54EC as I invested in NHAI Bonds...???
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 September 2021 Yes, when you invest in NHAI CG bonds, the exemption will be u/s. 54EC of the act.
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