54ec eligibility 180 days or on month basis ?

Tejas (Student) (37 Points)

27 March 2012  

Assesse has sold a long term capital asset on 22nd September 2011, amount of long term gain Rs.30 lacs.

So as per Section 54EC what will be the last date for availability of exemption ?

Is it calculated on monthly on monthly basis i.e from September to March (6months) or from 22nd Sept 2011 to 21March 2012 ?