Menu
Exemption us 54EC
long term capital asset has been transferred on 02.12.2019, please advise whether time of purchase of NHAI/REC bond exists now to get exemption
Replies (9)
Yes, you can purchase NHAI/REC/PFC/IRFC bond on or Before 30th September, 2020 to claim Exemption of Long term Capital Gain u/s 54EC up to 50 lakhs.
Last date is 30th September, 2020 in your case...
Last date is 30th September, 2020 in your case...
Yes you can purchase long term capital asset
You can invest in infrastructure bonds NHAI/REC and others.
You can invest in infrastructure bonds NHAI/REC and others.
Time lapse, investments u/s 54ec is eligible within 6 month from the date of transfer of asset
@ Mr. Avtar Singh
it's within 6 Months, but in current covid situation, Goverment extended this date to 30th September, 2020
it's within 6 Months, but in current covid situation, Goverment extended this date to 30th September, 2020
NOT ONLY UNDER THIS SECTION ALL INVESTMENTS ARE EXTENDED TO EASE THE COMPLICATIONS .
NOT ONLY UNDER THIS SECTION ALL INVESTMENTS ARE EXTENDED TO EASE THE COMPLICATIONS .
@ Subyasachi ji
All investment extended but all investment are not extended to same 30th September, 2020
1.Chapter VI-A under the heading “B" investment i.e 80C to 80U extended to 31st July, 2020
2. Section. 54 to 54G investment, extended to 30th September, 2020
All investment extended but all investment are not extended to same 30th September, 2020
1.Chapter VI-A under the heading “B" investment i.e 80C to 80U extended to 31st July, 2020
2. Section. 54 to 54G investment, extended to 30th September, 2020
Hello Sir,
Can HUF invest in 54EC Bonds?
What is the deadline to invest for current year? (I have crossed the 6 months limit, can i still invest?)
Thanks
Sherine
Sagar there were specific guidelines last year .
The general rule stands same within six months .
The general rule stands same within six months .
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
