I sold my ancestral land on 21st March 2013 for Rs. 10 Lakh. This land was awarded to my grandfather who was freedom fighter by Government of India, so I was not sure about rate of purchase and indexation. I am planning to buy NHAI (54EC Bonds) of complete Rs. 10 Lakh in month of August 2013 to save LTCG tax. As 54EC Bonds can be bought withing 6 months of property transfer, but it spilled over to another financial year. Did I make any mistake by not buying bonds in March itself. If yes, what can I do now and if not, how should I show it in ITR 2? If I'll show that I accrued Capital Gains but did't file tax or invested under 54, might that a problem?
Thanks.
CAclubindia
