Exemptions under capital gain investments

This query is : Resolved

k.muralidhara (Querist)
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04 November 2012 My assessee has got capital gain of Rs.75-00 Lakhs for The AY 2013-2014 He wants to Invest in Bonds of NHAI or of REC.But I understand that maximum ceiling Investment is 50-00 Lakhs. Can he invest another 25-00laks in his spouse name to avail full exemption

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 November 2012 Absolutely no.

CA Manish

CA Manish (Expert)
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05 November 2012 Two of the Condition for claiming deduction u/s 54EC:-

1.
Amount of capital gain should be invested in Capital gain bond within 6 Month from date of transfer/sale of capital assets.

2.
maximum Rs 50 lacs for Financial year.

If your six months form the date of transfer falls in the two Financial year you can invest another 25 lacs but in your name only.

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