Investment in national highway bonds
This query is : Resolved
31 January 2015
i have made investment in national highway infra bond in my name of rs 500000 /- and of rs 500000/- in the name of my father by giving amount through my bank account whether that investment in the name of father will be eligible in my account
31 January 2015
In various judicial pronouncement it has been held that the investment u/s 54EC should be traceable to the capital assets sold and it will hardly matter that in whose name the bonds have been purchased. So your investment in name of your father through your bank account shall be allowed. Please refer ITO vs. Smt. Saraswati Ramnathan 116 ITD 234 (Del)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
