54EC Bonds - Can HUF Invest?

Others 296 views 8 replies

Hello Sir/Madam,

Can a HUF Invest in 54EC Bonds to save taxes?

Also is there a way to get an exemption in case we miss to invest within 6 months?

Thanks

Sherine

Replies (8)
Yes a huf can invest in 54EC bonds.

No you have to invest within 6 months of transfer

Yes, 54ec is applicable even to HUFs.

For this year, time limit has been extended up to 30th sep.

Yes huf can invest

Thanks a lot for confirming Mam!

Could you also provide reference to any material which confirms that the date for investing in Bonds is extended till 30th September?

You can invest in bonds as date extended to 30.9.21
May I know when you capital Gain has arises ? I think the date was extended for, date of making investment falls between 20.03.2021 and 29.09.2021.

Hello Sir, thanks for responding, my transaction happened in December 2020, can i still take the extension till September 2021?

Can you give some reference material which confirms this extension so that i can show it to my CA?

Thanks

Shereen

I think you can claim exemption, as your dues date falls between that.



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