Clarification on Sec 54EC exemption

Ajish Thomas (Employee) (31 Points)

09 November 2020  

Hi,

I have sold a property on 19 Feb 2020 and in order to save tax on capital gain I have invested the amount in 54EC bonds on 17 Sept 2020 since the due date is extended to 30 sept 2020. Please advise me whether this is a correct approach and will I be able to claim the exemption.

Thank you,

Ajish Kumar