Capital gains 54 ec


srinivasan ak   23 July 2019

srinivasan ak

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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.
 

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Dhirajlal Rambhia (KVO Merau Kutchh)     24 July 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
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1. Well, firstly the due date has been extended to 31.08.2019.

2. Secondly there is an option but no one is interested to follow that, so better to complete the formality before filling the return.

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srinivasan ak   25 July 2019

srinivasan ak

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Thank you sir


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