I sold a flat duration of April 2024, but lost investing in fiscal savings bonds under section 54ec within six months or April 2024. Is there any way to obtain this benefit?
I do not intend to buy another property of the house, so the exemption is ruled out under section 54. Can I invest now (long before the date of submission of statements that is July 31, 2025) and can I still claim the investment?
Ramkumar r
According to the Income Tax Law of 1961 (the Law), section 54ec provides an exemption from the capital gains tax if the long -term capital profits that arise from the sale of land or buildings (or both) are invested in specific bonds within six months from the transfer date. The relevant extract of section 54ec of the law establishes that;
“When the capital gain arises from the transfer of a long -term capital asset, land or construction of bees or both, (the capital asset was transferred from now on in this section referred to the original asset) and the advisor has had a period of period or period of time or period of time or period of time or period of time or period of time or period or period of time or period of time or period of time or period of time or period of time or period of time or period of time or period of time or period of time or period of time or period of time. period of time or period of time or period of time or period of time or period of time or period of time or period of time or period of time or period of time or period or period of time or period of time or period of time or period of time or period of time or after or after the time or after the time he will be applied to time to time to time to time. A Time or After a Time or after Time of a Time or after time Or after a time of time or after a while or after a while or after a period or months, all or any part of the capital gains in the specific long-term asset, the capital gain will be occupied in accordance with the following provisions of this section, that is, ——-
(a) If the cost of the long -term sample asset is not less than the capital gain derived from the transfer of the original asset, all said capital gains will not be charged under section 45;
(b) If the lung cost loaded in section 45 “.
In his case, since the floor, sold in April 2024, the six -month window for investment in bonds according to the provisions of section 54ec of the law would have ended in October 2024. Exemption U/S 54ecc of the law cannot, Ifaife Touced is still ahead.
The author is a public accountant in exercise
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Posted on April 12, 2025