Section 54ec

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ShubhamLad (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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

CA Rashmi Gandhi (Expert)
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15 September 2018 ICAI has applied for extension of last date upto 31 October 2018

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