Sec. 54EC investment period extension above 6 months

Tax queries 264 views 3 replies

Is there any exception to the period of investment U/s 54EC bonds, if it has not been made within 6 months? Say, can it be invested till the date of filing Income Tax Return?

Replies (3)

No

(unless non-availibity of bonds during the period, but that was not applicable in FY 2017-18)

Mahesh Nemichand Ganeshwade vs. ITO
Chanchal Kumar Sircar vs. ITO
CIT v. B.C.Srinivasa Setty

 

Above cases, If sale consideration is received late. But its better not to take risk

I think.,

If it's different FY then You can consider the exemption...


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