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U\s 54ec investment

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2012 i sold property on december 2011.

now Long Term Capital Gain is arise...

to save Income Tax i want to invest u\s 54EC Govt Bonds..

at how much time to invest my LTC Gain....minimum\maximum.....
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
26 March 2012 within 6 months from the date of transfer of the asset, the assessee should invest whole or part capital gain in specified bonds. These bonds are redeemable after 3 years.
maximum investment in bonds is 50 lac in any F.Y. So if you have more than 50 lac capital gain then only 50 lac investment will be eligible for 54EC inspite of you have invested full capital gain.
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