which amt I have to invest in bonds u/s 54ec capital gain or sale consideration ??? whether the any problem if I use this money for personal exp after invest cg in bond??
5 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 January 2019
Capital gain.
ACA Sarita Laddha
(Practicing CA)
(1225 Points)
Replied 22 January 2019
it there whole part of capital gain invested in long term specified asset then the capital gain shall be exempt
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 January 2019
Upto 50L.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 22 January 2019
In finance act 2018 form F.Y 2018-19 the benefit of section 54EC would only be available on sale of Land & Building ( Residential or Non Residential ) . Earlier it was available for all assets but now it would only be applicable to Land & Building .
Moreover from 2018-19 on wards , these bonds would be required to be held for minimum 5 years .
please confirm others also .
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