54EC, 54F.ExampleArvind sold his house property on 23rdSeptember 2019 and to save Capital Gain Tax by investing in REC Bonds he had to invest on or before 22ndMarch 2020. If he hadn’t done, then As the due date has been extended to 30thJune 2020, so Arvind can claim an exemption ...
An individual taxpayer can claim tax exemption on the capital gains earned from the sale of long-term assets by investing them in bonds issued by National Highway Authority of India or by the Rural Electrification Corporation Ltd. under Section 54EC. This investment should be done within six mo...