Capital gains 54 ec

srinivasan ak (149 Points)

23 July 2019  

Hi,

As per exemption 54 EC ,bank deposit option is not there. Assuming X transfers long term capital asset on 31st March 2019 and has capital gain and he has 6 months time period to invest in notifed bonds to claim exemption under 54EC but his due date of filing return is 31 st July and as on 31 st July he has not invested in any notified bonds then what will be his tax consequences for the financial year 2018- 19.