Hello Sir/Madam,
Can a HUF Invest in 54EC Bonds to save taxes?
Also is there a way to get an exemption in case we miss to invest within 6 months?
Thanks
Sherine
8 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 27 July 2021
Yes a huf can invest in 54EC bonds.
No you have to invest within 6 months of transfer
No you have to invest within 6 months of transfer
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 27 July 2021
Yes, 54ec is applicable even to HUFs.
For this year, time limit has been extended up to 30th sep.
Sherine
(NA)
(34 Points)
Replied 28 July 2021
Thanks a lot for confirming Mam!
Could you also provide reference to any material which confirms that the date for investing in Bonds is extended till 30th September?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 01 August 2021
You can invest in bonds as date extended to 30.9.21
Ankit Neema
(2742 Points)
Replied 01 August 2021
May I know when you capital Gain has arises ? I think the date was extended for, date of making investment falls between 20.03.2021 and 29.09.2021.
Sherine
(NA)
(34 Points)
Replied 01 August 2021
Hello Sir, thanks for responding, my transaction happened in December 2020, can i still take the extension till September 2021?
Can you give some reference material which confirms this extension so that i can show it to my CA?
Thanks
Shereen
Ankit Neema
(2742 Points)
Replied 01 August 2021
I think you can claim exemption, as your dues date falls between that.
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