Good morning Sirs
i need advice on following:
I sold an immovable property and expected LTCG is around RS.50 lacs +.
the consideration was received a month back from now and 26QB with 1% TDS committed.
I intend to invest in 54EC BOND.
i need clarification
1. Can I invest in 54EC bond before 15th of May 23, ie before filing ITR for AY23-24.and such investments are accounted for AY23-24.
2. If I invest in 54EC bond after 31/03/23, whether, this investment will be accounted for AY 24-25, and if so, the chances of further such investments in AY 24-25 is possible? ( because of permitted limit of RS.50 lacs may get exhausted.
With warm greetings to one and all in the forum,
Regards