This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 54EC deduction eligible if Investment in Bonds within 6 months from Transfer
Case Law Details
- Case Name
- Sri Pradip Kumar Basu Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Sri Pradip Kumar Basu Vs ITO (ITAT Kolkata)
It is observed that the long-term capital gain of Rs.6,14,674/- had arisen to the assessee as a result of residential property sold on 12.06.2013 and in order to claim exemption on account of long-term capital gain under section 54EC of the Act, the assessee was required to make investment in the eligible bonds within six months from the date of transfer of the long-term capital asset i.e. 12.12.2013.
Since the investment in the eligible bonds was admittedly made by the assessee on 21.01.2014 i.e. after the period stipulated in section 54EC, I find m...
I have sold property in 2019 n kept money in capital gain acct….but couldn’t use it to buy another property till now. Can I keep it in Government bonds after completion of three years of capital gain acct instead of buying new property.
Sir i am suppose to invest in NHAI and REC BONDS u/s 54EC by 08 aprIl 2022 ,within 6 months from date of selling of my land property as I have earned long term capital gain. But I am delayed . Can i purchase now?
Dear Sir
I was suppose to invest in Bonds under SEC54E and was to be done by Feb 22 end can i now invest it is delayed by 1month will there be any inquiry