Section 54EC of Income-Tax Act, 1961

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Section 54EC of Income-Tax Act, 1961 deals with Capital gain not to be charged on investment in certain bonds.

Recent Cases / Related Cases / Case Laws

  • The High Court, answering to a question whether when tax-exempt bonds were not available during entire period of six months after accrual of long-term capital gains, the court said that the assessee can claim Sec 54EC benefits on investments made later in REC bonds
  • January 2012: For purpose of section 54EC, period of six months has to be reckoned from end of month in which transfer took place - [2012] 17 LNIN 159 (Mumbai - Trib.)
  • April 2011: Agra - ITAT: Land sold after dismantling building will be entitled for exemption under section 54F/54EC - Where the assessee sold the land where the building was in existence after dismantling the building, it will not be entitled for the exemption under section 54 on the capital gain arising on the sale of that land; the assessee can get the exemption on the capital gain arising thereon either under section 54F provided he complies with the conditions stated therein or under section 54EC - [2011] 10 - 180

Other Sections from the At

  • Section 54F: Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house]]


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