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Section 54EC Due Date
What is the due date for investment in section 54EC to claim deduction under capital gain? Is this due date also extended along with other due dates as mentioned in Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020?
Replies (3)
Quick Summary
As per Section 54EC of the Income Tax act 1961 due date to invest within the 6 month form the date transfer of long term capital asset in specified capital assets .
confirm with others also
With in the period of 6 month after the transfer invest in capital gain in long term specific bonds as per government notification for a minimum period of 3 yrs
Holding period has been increased to 5 years from 3 years. the time limit has been increased to 31 march 2021 for properties sold after September 30 2019. confirm it with experts
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