Sec. 54ec of income tax act 1961
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2014
U/S 54EC the period specified is 6 months for investment in bonds of NHAI & RECL.
Suppose a person sells his capital assets on 31/03/2014, the maximum period of investment will be 30/09/2014, But if he has to file his ROI on 31/07/2014 in the capacity of an individual.
Then what about exemption if he invest on 01/08/2014 & thereafter
Suppose a person sells his capital assets on 31/03/2014, the maximum period of investment will be 30/09/2014, But if he has to file his ROI on 31/07/2014 in the capacity of an individual.
Then what about exemption if he invest on 01/08/2014 & thereafter
04 November 2014
The period is not linked to filing of return hence if he invest on 01/08/2014 & thereafter but within 6 months exemption is available.
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