Ltcg-20.06.2025

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This discussion clarifies eligibility for Section 54EC tax exemption on long-term capital gains (LTCG) from selling ancestral properties. It confirms that if two ancestral properties, even sold more than ten years apart, have different survey or assessment numbers, the LTCG from the sale of the second property can be invested in specified bonds to avail the Section 54EC benefit, provided the investment is made within the stipulated timeframe.

sundeep

sundeep (Querist)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

20 June 2025 Yes, if sold in current FY/AY.

sundeep

sundeep (Querist)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

27 September 2025 Good luck..

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