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
CAclubindia
