Exemption u/s 54ec

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Pooja Gupta

Pooja Gupta (Querist)

15 December 2015 Whether the assessee can claim exemption u/s 54EC even if he has not filed his return of income?

Amol S Joglekar

Amol S Joglekar (Expert)

15 December 2015 yes. 54EC and filing of return of income are independent of each other.

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Pooja Gupta

Pooja Gupta (Querist)

15 December 2015 what if the exemption was claimed u/s 54F for which the investment was made within the time limit and no no return of income was filed?

Pooja Gupta

Pooja Gupta (Querist)

15 December 2015 what if the exemption was claimed u/s 54F for which the investment was made within the time limit and no no return of income was filed?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

15 December 2015 If time limit of return filing permits- file the return. Without filing a return the assessee converts enjoyment of an exemption into a tension for nothing.
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If return can not be filed due to time barring case, keep the things always ready in order to clarify the position.
Exemption will be available.
.

Amol S Joglekar

Amol S Joglekar (Expert)

16 December 2015 I am trying to understand??? What do you mean by "exemption claimed?"..... where and with whom exactly you claimed exemption??????
And why are changing the section now? 54 EC or 54F? See, what I request go slow and one by one... Please dont jump onto another before completing the first one. Ok?
Please tell me... where are you claiming this exemption?

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