Investment in bonds covered u/s 54ec

Anshul (Article) (47 Points)

23 February 2014  
Hi, I have a Question regarding investment in bonds covered U/s 54ec. Background details- Ownership of the commercial property will be transferred before 31st march(FY 13-14) and consideration will come after 31st march, i.e. in FY 14-15. The Question is- Since this is the case of change of financial year, will exemption be allowed(long term capital gains), if we invest the consideration, to be received after march, in the bonds covered under 54ec? Thank you.