Sec 54ec

Dear Raghu,

The Investment has to be made within 6 months from the date of transfer in order to be eligible for claiming the benefit of deduction u/s 54EC.

Any investment made after the 6 months period will not be eligible for deduction u/s54EC

ACCORDING TO ME , IT IS NOT ELIGIBLE FOR DEDUCTIONS

Not Eligible

Dear Raghu,

Investment has to be made within 6 months but if you can prove that there were no issues made by NHAI or RECL you can invest the fund at the near earliest issue of bonds by NHAI / RECL.

No, exemption is not available if you invest in bonds after 6 months of sale of capital asset.
 

DEAR SATYA ,

DO YOU MEAN EVEN AFTER SIX YEARS ?

IF IT IS SO , THEN PLEASE CAN YOU PLEASE PROVIDE ME ITS SOURCE...

Dear KS Raghu. No doubt if the the investment is made after 6 months from the date of transfer is not eligible for exmeption u/s 54EC.But it again depends upon the facts of case.With in the span of 6 months form the date of transfer if there were no issues of NHAIL or REFC the time limit of 6 months will get automatically extended.It was held in Recent case LAW  CIT vs. Cello Plast (Bombay High Court)