Sir/Madam,
I sell my immovable property in March and if I put 50 lakhs in 54EC Capital Gains Tax Bonds in April or May but within 6 months but in the next Financial Year and then fill my ITR in July, will I get exemption on the amount in LTCG. It takes sometime because I am changing the place of residence both city and state, and I will require time to transfer my bank accounts to the new city as it can be done only after I get a rent agreement at the new place.
Thanks.
Bobby
Yes, eligible.
After investment.
The proof of the certificate must be there.
Exemption can be easily availed.
Yes. You will get full exemption under Section 54EC on investment of ₹50 lakh, even if the investment is made in April or May of the next financial year, provided it is within 6 months from the date of sale.
The financial year of investment or the date of filing ITR (July) is irrelevant for eligibility.
Your change of residence, bank account transfer delays, or filing timeline do not affect the exemption, as long as the bond investment is completed in time.
Yes certainly there are some exceptions,
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