Exemption u/s 54ec for capital gain
This query is : Resolved
Sourabh Ambure
(Querist)
25 September 2015
If Amount arising from Long term capital gain is Invested in NHAI or REC Bonds,Whether after redemption of these bonds,the principal amount invested is Taxable or Not??
ANKIT AGARWAL
(Expert)
25 September 2015
If principal Amount is withdrawn before a lock in period (3 Years), then It is Taxable
CA G. SURYANARAYANAN
(Expert)
26 September 2015
If withdrawn after lock in period it is not taxable and you can make use for anything,
Sourabh Ambure
(Querist)
26 September 2015
Thanks Sir
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