Dear All,
My client has purchased REC Bonds for claiming exemptiuon u/s 54EC just a few months back, but now he is interested in buying a property and wants to claim deduction u/s 54. No ROI has been filed till date, as matter belongs to current financial year.
My question is:- Can I redeem REC bonds before maturity by any possibility? If yes, please elaborate the procedure.
Thanks.
"Can I redeem REC bonds before maturity by any possibility? If yes, please elaborate the procedure."
Only possibility is, if your Jurisdictional ITO gives order to that effect.
Sir, no such information has been shared with AO. Only concern is of whether REC will allow me to redeem before maturity?
CAclubindia
