Kunal Mehta (8 Points)
02 September 2020I have sold property on 06-Jan-2020. 6 Months Due date for Investing
in Sec 54EC Bonds expired on 06-July-2020. I have invested in these
Bonds on 28-July-2020. Is the date extension upto 30th September
applicable in my case. Thank you in advance for your help.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 02 September 2020
Kunal Mehta
(8 Points)
Replied 02 September 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 02 September 2020
MANISH RAJVAIDYA
(PROPRIETOR)
(22 Points)
Replied 23 September 2020
what actually as per my opinion is that as per notification no. 35/2020/F.No.370142/23/2020-TPL dated 24-6-2020 the extension is for only investments relevant to 54 or 54GB not for all since in the notification it is mentioned that :
"(v) section 54 or 54GB referred to in item (I) of sub-clause (i) of clause (c) of sub-section (1) of section 3 of the Ordinance or sub-clause (ii) of the said clause, the end date in respect of the time limit for the completion or compliance and the end date for making the said completion or compliance, shall be the 29th day of September, 2020 and the 30th day of September, 2020 respectively;"
if the words 54 or 54GB is read with the extended dates 29th day of September, 2020 and the 30th day of September, 2020 respectively makes the confusion since two sections only mentioned and corresponding two dates mentioned and last word respectively. pdf file of the said notification no. 35/2020/F.No.370142/23/2020-TPL dated 24-6-2020 is attached. I short there is some confusion.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 23 September 2020
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