time limit for investing in NHAI bonds
This query is : Open
06 August 2017
we have the long term capital gain of Rs 4.lakhs.
sale date is 10-08-2016....
we are filling IT return now...
will we get exemption ?
if we invest the same amount in NHAI BONDS On or before 10-08-2017...
K Srinivas, CMA CS
(Expert)
06 August 2017
To get exemption by way investing NHAI/RECL bonds is 6 months from the date of transaction.
Therefore, exemption is possible in your case
06 August 2017
sir sale proceeds on 10-08-2016..
until we didn't invest that amount in bonds... we plan to invest tomorrow ie with in one year...
K Srinivas, CMA CS
(Expert)
06 August 2017
I'm sorry . I meant to say that exemption is NOT possible in your case
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