29 February 2012
An ancestral property was sold off and the first installment of the money given in June 2011. I did not put it in section 54ec tax saving bonds. please suggest if this can be done now by paying some minimal tax or do i have to pay a flat 20% tax
01 March 2012
But the rule states that it has to be done "within" 6 months of getting amount. Since the promoter is giving the amount in a staggered fashion , my mother got the first installment on June 1st. 6 months in that case was December 1st. Won't it matter if i invest it after 9 months. please suggest.
CAclubindia
