Sec 54 ec

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JAWAHAR (Querist)
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12 August 2013 I want know whether there is any other bonds which can get exemption U/s. 54 EC other than REC and NHAI ? One Bank manager is told that if the amount deposited in the Capital Gains Account Scheme of SBT/SBI for three years they can get the exemption U/s. 54 EC... Please clarafy....

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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12 August 2013 1. Only bonds of NHAI & REC are eligible for exemption u/s 54EC.

2. Facility to deposit amount in Capital Gain Account Scheme is NOT available u/s 54EC. It is applicable only for other sections.

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