Extension of 54C

I had sold a property in October 2019 and got some LTCG out of this.

To save tax, I am interested in investing some bonds as per section 54EC.

I am aware that the last date for this kind of investment was extended to Jun 30th of 2020. However, I am also getting to hear that, the last date is now further extended up to 30th September od 2020.

I would like to know if 30th September extension is indeed the last date, so I still have a chance to invest. I am not finding any news article on this. I don't want to invest if further extension is not made.

I would appreciate if someone who knowledgeable in this community, can confirm the new extension date (sep 30th 2020) along with the source for the same.

Thank you so much

Pradeep

Replies (4)
Quick Summary
This discussion clarifies the deadline for investing in bonds under Section 54EC to save Long Term Capital Gains (LTCG) tax. The initial deadline was extended to 30th June 2020, and further confirmed to be extended to 30th September 2020 via official notification. This allows individuals who sold property in 2019 to still invest and claim tax benefits.

Yes, Date for Investment under section 54EC is extended to 30th September, 2020 via Notification No.35 /2020/ F. No. 370142/23/2020-TPL dated. 24th June, 2020.

Thank you so much. Appreciate it. 

You are most welcome..

Since date for ITR filing has been extended to Dec 31st, do you know if the date for investment under section 54EC is also further extended beyond sep 30, 2020? Thanks 

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