What are bonds under section 54ea and section 54eb.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175687 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.
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.)
(175687 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.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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