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?
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Sec. 54EC investment period extension above 6 months
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...
If it's different FY then You can consider the exemption...
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