Long term capital gain

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HI ,

   I sold one land and got the money in installment . Complete Money I recieved in Nov 2014 .

Registry done in 9th December 2014.

1) if I have to buy bond , I should buy within 6 months.

How to calculate 6 month . is it from Regisrty date or from the date I recieved money in my capital gain account .

Now all money is in capital gain account.

 

Thanks

rajesh

 

 

Replies (2)

The capital gain shall be exempt u/s 54EC only to the extent it is invested in the long term specified assets within a period of 6 months from the date of such transfer. The date of transfer in your case is the date of first installment received. 

Hello shishir ,

  Thanks for the information.

Can u please guide me where it is written . one CA suggested me that it is calculated based

on date of transfer , I mean date of regisrty. First Installment I got it in Aug 2014 .

Last Installment I got in NOV 2014 .9th  December , Property is Registered on other pary Name.

so I was calculating from date of Registry.

 

Kindly give me some document where it is mentioned.

 

Thanks

rajesh


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