Long term capital gain tax

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HI ,
My father has sold one land and got the money in installment .  Money I recieved in Nov 2014 . Registry done is 9th December 2014. 1) if I have to buy bond , I should buy within 6 months. How to calculate 6 month . is it from Registry date or from the date I recieved money in my capital gain account . Now all money is in capital gain account. Thanks rajesh

 
Replies (1)

Please refer the case law as per teh below link.  It is a settled view by various High Courts that for invetsment u/s 54EC the period of 6months shud be recongnised from the date of actual receipt of money and not teh date of agreement.

https://indiankanoon.org/doc/41322801/


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