54EC Bonds - Can HUF Invest?

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NA
34 Points Posted on 27 July 2021

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

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On 27 July 2021 at 10:20 Report
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Quick Summary
This discussion clarifies that a Hindu Undivided Family (HUF) can indeed invest in 54EC bonds to save on capital gains tax. While the general rule requires investment within six months of the asset transfer, there have been extensions. For capital gains arising between specific dates in 2021, the investment deadline was extended to 30th September 2021. It's advised to consult with a CA regarding specific eligibility based on the capital gain accrual date.

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Chartered Accountant
24588 Points Posted on 27 July 2021
Yes a huf can invest in 54EC bonds.

No you have to invest within 6 months of transfer
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On 27 July 2021 at 11:32
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CMA
13117 Points Posted on 27 July 2021

Yes, 54ec is applicable even to HUFs.

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

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On 27 July 2021 at 13:59
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146 Points Posted on 28 July 2021
Yes huf can invest
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On 28 July 2021 at 08:33
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NA
34 Points Posted on 28 July 2021

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?

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On 28 July 2021 at 12:45
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Chartered Accountant
24588 Points Posted on 01 August 2021
You can invest in bonds as date extended to 30.9.21
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On 01 August 2021 at 00:05
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2742 Points Posted on 01 August 2021
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.
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On 01 August 2021 at 16:46
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NA
34 Points Posted on 01 August 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

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On 01 August 2021 at 17:13
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2742 Points Posted on 01 August 2021
I think you can claim exemption, as your dues date falls between that.



Updated Dates of Compliances https://www.caclubindia.com/share_files/details.asp?mod_id=81556
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On 01 August 2021 at 17:29

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