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.
CA Mukesh Jain S
(Expert)
17 March 2013
Amount has to be invested fully by the father though it can be in the joint name.
CA Mukesh Jain S
(Expert)
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 ?
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