Section 54EC Due Date

320 views
User Avatar

Student CA CPT
33 Points Posted on 08 December 2020
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?
0 Reply Share Follow
On 08 December 2020 at 08:11 Report
Replies (3)
Quick Summary
This discussion clarifies the due date for Section 54EC investments, which allows deductions on capital gains. Generally, investments must be made within six months of transferring a long-term capital asset into specified bonds. The holding period for these bonds has been extended to five years. Recent notifications have also extended the investment deadline to 31st March 2021 for properties sold after 30th September 2019.

User Avatar

GST Practitioner & Accounts
15146 Points Posted on 08 December 2020

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  

Reply
On 08 December 2020 at 08:53
User Avatar

Tax consultant
5895 Points Posted on 08 December 2020
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
Reply
On 08 December 2020 at 09:37
User Avatar

12244 Points Posted on 08 December 2020
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
Reply
On 08 December 2020 at 12:51

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Capital gains incidence due to bonus shares
  2. Amendment of Object Clause of Memorandum
  3. How Can I Request a Refund for an Accidental Airte
  4. TDS on salary paid in cash
  5. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  6. Last Date To Fill ITR For Non-Audit Case
  7. Guidance Required on Filing Fresh Registration und
  8. IT Return Refund Status AY 2026-27
  9. Clarification Regarding Income Tax Demand Notice
  10. Online PAN Download: Check How?

More recent discussions | Post

Related Topics :

Loading