Deduction u/s54ec

Gopal B.R.

Sr. Finanace Exec.

25 Points Posted on 07 April 2014

Hi All,

I have sold a property for 50 lakhs in Dec 2013 (Approx Net consideration after deducting purhcase price is 48 lakhs) & planning to invest the sale proceeds in REC & NHAI bonds.

Let me know if the schemes are available for deduction U/s 54EC for the A.Y. 2014-15 or not?

Regards,

Gopal B.R.

Replies (1)

Mihir

Wealth Manager

5358 Points Posted on 07 April 2014

To avail exemption, in your case u/s 54EC, against capital gain, only the capital gain is to be invested and not the whole sale proceed. You may have to contact the NHAI or REC to find out the new issues of bonds. Since you have sold the property in December 2013, you are required to invest in bonds before the end of 6 months to avail exemption u/s 54EC.

Your are not logged in . Please login to post replies

Click here to Login / Register

Menu

Deduction u/s54ec

Gopal B.R.

Mihir

Leave a Reply

Recent Topics :

Related Topics :

Latest Job Openings

Semi Qualified CA / CA Inter - 2 Groups Cleared

Consultant - Reporting

Audit Executive

Accounts Executive

Article Assistant

Chartered Accountant

Chartared Accountant

Article/ Paid Assistant

Menu

Forum Search

Deduction u/s54ec

Leave a Reply

Recent Topics :

Related Topics :