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CApital gains deduction u/s 54EC

Tax queries 834 views 3 replies

hi All,

Please help in answering below query related to capital gains deduction u/s 54EC.

CAse - Mr. A has sold property on 30.04.2024. LTCG calculated after indexation - 25 lakh. Sec 54EC REC Bonds applied for 25 lakh on 29.09.2024. Money debited from bank on 01.10.2024. Bonds allotted on 31.10.2024.

a. Is Mr. A eligible to get exemption u/s 54EC?

b. If yes, how much?

Replies (3)
  1. Yes.
  2.  Rs. 25 lakhs

Sec 54EC INFRASTRUCTURE BONDS

There are other points which has to be complied with.


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