Hi,
I have sold a property on 19 Feb 2020 and in order to save tax on capital gain I have invested the amount in 54EC bonds on 17 Sept 2020 since the due date is extended to 30 sept 2020. Please advise me whether this is a correct approach and will I be able to claim the exemption.
Thank you,
Ajish Kumar
Thank you. But have a view that the extended due date is applicable only for them whose due date falls between 20 March 2020 to 29 June 2020. Is this right? In my case, the period of 6 months ends on Aug 2020. Will I be eligible for the exemption? Please clarify
CAclubindia
