Sirs: section 54 - urgent - please reply

This query is : Resolved

MManjula (Querist)
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16 February 2012 For SALE OF PLOT (RESIDENTIAL) >>>

PLOT (Residential) >> PURCHASE Info;;SALE Info
Sale Deed (Stamp Duty) Value >> 2.50 Lacs;;2.50 Lacs
Sale Agreement Value >> 13.5 Lacs;;No Agreement
Amount Paid for Purchase >> 13.5 Lacs By Cheque
Amount Received for Sale >> 11 Lacs By Cheque & 2 Lacs By Cash
Transaction Date >> 01-Feb-09;;15-Feb-12
CII of Financial Year >> 582;;785

My Queries >>>
1)) For calculating Indexed Cost of Acqusition What is the Base at the Time of Purchase? Sale Agreement Value OR Sale Deed Value?

2)) For Amount Received, Can I invest Capital Gains in Capital Gains Exemption Bonds of NABARD, NHAI or REC as Per Section 54EC?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 February 2012 i) Sale deed value.
ii) Can opt 54EC bonds (NHAI/REC). NABARD has no 54EC bonds.

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