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SOLD AN APARTMENT AND MADE INVESTMENT ACC. TO SEC 54EC

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(Querist)
27 August 2021 M client sold an apartment and made investment acc to sec. 54EC. Can i claim deduction in current year even if investment was made in next financial year but was made within 6 months of selling the property?
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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
27 August 2021 Yes, that is, if sold during FY 20-21 and invested in 54ec bonds in fy 21-22 within 6m from sale (or within extended period) exemption can be claimed during FY 20-21
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