Ltcg-20.06.2025
This query is : Resolved
20 June 2025
Can I avail sec 54EC (investment in bonds) for LTCG in two ancestral properties sold more than ten years apart?
amount for my share as beneficiary, not exceeding 50 lakhs in each case.
amount for my share as beneficiary, not exceeding 50 lakhs in each case.
20 June 2025
Yes, if sold in current FY/AY.
24 June 2025
The first ancestral property was sold in 2012. The second ancestral property is expected to be sold this FY or next FY.
In First case I invested my entire LTCG after indexation in NHAI bonds for 3 years within 6 month then. Am I eligible for Section 54EC of LTCG to again invest in bonds as and when the second property is sold. both are joint properties and I am a beneficiary.
In First case I invested my entire LTCG after indexation in NHAI bonds for 3 years within 6 month then. Am I eligible for Section 54EC of LTCG to again invest in bonds as and when the second property is sold. both are joint properties and I am a beneficiary.
24 June 2025
Yes, both are different properties if survey numbers or Assessment numbers are different. You can avail sec. 54EC benefit if sold now.
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