06 September 2023
Long term Capital Gain on Sale of Residential Property : Rs. 25 L Brought Forward Capital Loss (Short-term capital Loss on Shares/Stock) : Rs. 15 L Can we invest Rs. 10 L (25 L - 15 L) in capital gain bonds u/s 54EC and adjust balance capital gain of 15 L with brought forward capital loss. Is this allowed or not, if yes, are there any restrictions or limitations ? Thanks
07 September 2023
Yes it's allowed no restrictions in such a case. Any how fill ITR and check it's allowed before 6 months from the date of long term capital gains ( before making 54EC deposit).
07 September 2023
Thanks for your reply. The capital gain has occurred in FY 2023-24. The relevant ITR will be available only from April 2024. My understanding is, LTCG 25L Less: Investment in 54EC Bonds 10L : Remaining Taxable LTCG 15L, Less: Brought forward Short-term Capital Loss: 15L, Balance LTCG 0
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