Sec.54ec
This query is : Resolved
16 March 2013
i want to knw tht it is possible to buy bond on joint name if property tht sold held by one only..say father own property so he can buy bond sepratly with his both sons??as joint owner
16 March 2013
Yes, he can buy the bonds jointly with his sons.
(Amount must be invested by the father who has sold the property)
(Amount must be invested by the father who has sold the property)
17 March 2013
Father can invest in 54EC bonds in the joint names of himself and son. Delhi Tribunal decision in Ms. Saraswati Ramachandran's case reported in 300 ITR 410 can be referred for full details.
17 March 2013
Amount has to be invested fully by the father though it can be in the joint name.
17 March 2013
Dear Experts,
Whether the interest received on the bonds by the sons will be taxable in the hands of father according to clubbing provisions ?
Whether the interest received on the bonds by the sons will be taxable in the hands of father according to clubbing provisions ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is any professional CA is here please reply
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
