Conversion of cgas u/s 54 to bonds u/s 54ec

Tax planning 230 views 5 replies
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32 Points Joined August 2018

I have sold residential property on 28.03.2018. The LTCG arisen is Rs. 20Lakh which I have invested in CGAS u/s54 with bank on 05.04.2018

Now, I want to convert the investment  in Bonds u/s 54 EC for 5yr lock in. Is there a way to get it done?

I have changed my mind not to purchase new property as my son is going to purchase house in his name and I am residing with him. 

 

 

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On 14 August 2018 at 01:22 Report
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504 Points Joined December 2017
yes , before the end of 6 months from date of sale , invest in bonds .
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On 14 August 2018 at 08:43
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363 Points Joined June 2018
Without any hesitation you can invest in bond u/s54EC
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On 14 August 2018 at 20:28
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32 Points Joined August 2018
Is it necessary to take consent of ITO?
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On 14 August 2018 at 20:47
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32 Points Joined August 2018
Please guide me the procedure to follow?
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On 14 August 2018 at 20:48
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363 Points Joined June 2018
Approach to HDF/SBI Bank for investing in Bonds like NHAI etc & give them ch. of your CG a.c..
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On 15 August 2018 at 06:59


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