Time limit for investment under section 54ec

Tax planning 169 views 3 replies
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22 Points Joined July 2011

Hi

Can someone please guide me what is the time limit to invest under section 54EC - is it 180 days or 6 calendar months?

My client has sold a property on 2nd Aug, if I go my end of 6 months the due date is 28th Feb and if I go my 180 days due date is 29th Jan and if I go layman way the due date is 1st Feb????

Please help its urgent

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On 16 March 2019 at 23:30 Report
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96 Points Joined July 2016
As per Section 54EC(1), investments are to be made within 6 months, neither end of month is mentioned nor 180 days.

So 6 months end on 1st Feb.

Hope it helps.
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On 17 March 2019 at 00:21
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7558 Points Joined November 2011
it shud be counted month wise and not daywise as section clearly states that investment shud be made within 6months from the date of transfer
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On 17 March 2019 at 10:26
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7059 Points Joined January 2017
thank you and congratulations
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On 17 March 2019 at 11:14


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