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Exemption us 54EC


NARAYAN CHANDRA BHOWMIK   27 September 2020

NARAYAN CHANDRA BHOWMIK

 12 points

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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

avater

Sagar Patel (Tax and Business Consultant)     27 September 2020

Sagar Patel
Tax and Business Consultant 
 995 likes  11141 points

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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...

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sabyasachi mukherjee   28 September 2020

sabyasachi mukherjee

 173 likes  4366 points

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Yes you can purchase long term capital asset
You can invest in infrastructure bonds NHAI/REC and others.

avater

Avtar Singh   28 September 2020

Avtar Singh

 18 likes  314 points

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Time lapse, investments u/s 54ec is eligible within 6 month from the date of transfer of asset

avater

Sagar Patel (Tax and Business Consultant)     28 September 2020

Sagar Patel
Tax and Business Consultant 
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@ Mr. Avtar Singh
it's within 6 Months, but in current covid situation, Goverment extended this date to 30th September, 2020

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sabyasachi mukherjee   28 September 2020

sabyasachi mukherjee

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NOT ONLY UNDER THIS SECTION ALL INVESTMENTS ARE EXTENDED TO EASE THE COMPLICATIONS .

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sabyasachi mukherjee   28 September 2020

sabyasachi mukherjee

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NOT ONLY UNDER THIS SECTION ALL INVESTMENTS ARE EXTENDED TO EASE THE COMPLICATIONS .

avater

Sagar Patel (Tax and Business Consultant)     28 September 2020

Sagar Patel
Tax and Business Consultant 
 995 likes  11141 points

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@ 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


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