Query regarding Investment in 54EC bonds in two fY

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  1. hi,
    my mother had sold a land on November'15 worth Rs 1030000 which she had bought around 1984 at RS 10000 only.
    She wants to buy a garage with Rs 500k and remaining amount she will deposit in 54EC bonds.
    Now is it necessary to invest in 54EC bonds with 31st march 2016 or within 6 months tenure after date of sale.
     
  2. V K Khanna

    V K Khanna Active Member

    You have six months time from the date of transfer of previous asset to invest in capital gains bonds irrrespective of the fact that the six month period falls within the two financial years.
     
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