Section 54ec
This query is : Resolved
ShubhamLad
(Querist)
14 September 2018
Dear Sir,
My Assesee have capital gain from land in Feb 2018. But he want to take exemption of bond purchase u/s 54ec. But he will purchase bonds in aug 2018 .The validity period purchase of bond is 6 month. but as per sec 139 he has required to fill ITR before 31.07.2018 . In such situation can assesse claim exemption u/s 54 ec or have to pay tax on such capital gain or he should file belated ITR by paying late fee (234F) ?
Please resolve this above problem
My Assesee have capital gain from land in Feb 2018. But he want to take exemption of bond purchase u/s 54ec. But he will purchase bonds in aug 2018 .The validity period purchase of bond is 6 month. but as per sec 139 he has required to fill ITR before 31.07.2018 . In such situation can assesse claim exemption u/s 54 ec or have to pay tax on such capital gain or he should file belated ITR by paying late fee (234F) ?
Please resolve this above problem
CA R SEETHARAMAN
(Expert)
14 September 2018
Return filing date extended upto 31st August, should have filled wittin extended date. File it now if not filed in August.
CA Rashmi Gandhi
(Expert)
15 September 2018
ICAI has applied for extension of last date upto 31 October 2018
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