25 August 2012
MY CLIENT HAS SOLD THE RESIDENTIAL FLAT FOR RS. 40.00 LAKHS AND LTCG IS OF RS. 25.00LAKH AFTER INDEXTION. HE HAS EXECUTED THE SALE AGREEMENT ON 28/04/2012 AND HAS RECEIVED 8.00 LAKSH AS PART PAYMENT AND BALANCE AMOUNT OF RS. 32.00 LAKH ON 28/06/2012.AND HANDED OVER THE POSSESSION OF FLAT ON 28/06/2012. MY QUERRY IS TIME LIMIT OF SIX MONTH FOR INVESTMENT IN SPECIFIED BOND UNDER SECTION 54EC IS TO BE CALCULATED ON FROM 28/04/2012 OR FROM WHEN HE HAS RECIVED THE FULL CONSIDERATION FOR PURCHASER AND DATE OF HANDED OVER OF THE FLAT POSSESSION