Re:capital gain
This query is : Resolved
08 November 2009
Long term capital gain is allowed to be invested in capital gains accounts scheme for a lock in period of 3 years.
We can invest the same in REC bond or National highway authority bond.
Would want to know if we can get invest this amount in any other bond also. The rule book is not so clear on this
Please guide
Regards
Dhawal
We can invest the same in REC bond or National highway authority bond.
Would want to know if we can get invest this amount in any other bond also. The rule book is not so clear on this
Please guide
Regards
Dhawal
08 November 2009
54EC is the concerned section. As per the section an assessee is permitted, w.e.f 01/04/2007, to deposit only in bonds of National high way authority of India or Rural electrification corporation Ltd.
08 November 2009
Thank you for the prompt response....
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