Ltcg investment u/s 54ec time limit
This query is : Resolved
kumudprakash k doshi
(Querist)
25 August 2012
MY CLIENT HAS SOLD THE RESIDENTIAL FLAT FOR RS. 40.00 LAKHS AND LTCG IS OF RS. 25.00LAKH AFTER INDEXTION. HE HAS EXECUTED THE SALE AGREEMENT ON 28/04/2012 AND HAS RECEIVED 8.00 LAKSH AS PART PAYMENT AND BALANCE AMOUNT OF RS. 32.00 LAKH ON 28/06/2012.AND HANDED OVER THE POSSESSION OF FLAT ON 28/06/2012. MY QUERRY IS TIME LIMIT OF SIX MONTH FOR INVESTMENT IN SPECIFIED BOND UNDER SECTION 54EC IS TO BE CALCULATED ON FROM 28/04/2012 OR FROM WHEN HE HAS RECIVED THE FULL CONSIDERATION FOR PURCHASER AND DATE OF HANDED OVER OF THE FLAT POSSESSION
CA VISHNU GAVKARE
(Expert)
26 August 2012
from 28/06/2012
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