Q. Long Term Capital Gain on Regsidential House Property

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Question added Apr 11 Income Tax By Himanshu Kumar Jain, LL.B, Delhi
Respected Sir/Mam,

I have Sold one residential house property on 07-08-2023 the long term capital gain is of Rs. 28,00,000/- approx and I have invested Rs. 28,00,000/- in REC Capital Bond Under Section 54EC on 09-01-2024 but unfortunately my cheque bounced and I get to know today I.e. on 11-04-2024.

So my query is can I again reinvest that amount as last days is already expired 2 months 5 days earlier to save my capital gain tax.

Thanks & Regards

1 Answer

+1 like
answered Apr 12 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
selected Apr 12 Himanshu Kumar Jain, LL.B, Delhi
 
Best answer
Legally would not be allowed, can try if question arises during litigation, if any.

Concept by CA Pramod Jain

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