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Brief information on capital gains

Amit (Yy) (35 Points)

15 November 2022

What are bonds under section 54ea and section 54eb.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178133 Points)
Replied 15 November 2022

Both sub-sections are for eligible exemptions for Long term capital gains arrived before 01.04.2000. Not applicable now.

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Amit (Yy) (35 Points)
Replied 15 November 2022

Thanks for your reply.

Can there be bonds purchased under section 54ee

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178133 Points)
Replied 15 November 2022

As per the section 54EE of IT act, the Long term specified asset/Units should have been issued before 01.04.2019 and till date no unit has been issued thus this section is of no use now and it was just an exemption for name sake wherein no units had been announced by government.