Capital gains exemption

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..... Capital gains exemption
Query (Issue) Started By: - LAKSHMISH IYENGAR Dated:- 27-12-2010 Last Reply Date:- 28-12-2010 Income Tax
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Income Tax
Sir My client's father sold a land .....

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..... ed property and he wanted to invest the capital gains amount in Rural Bonds and claim exemption. Before he could do this he died. My client who is the only successor has to file the return of income a .....

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..... s legal representative of his father. Can my client invest in Capital Gains Exemption bonds and claim exemption u/s 54EC? Please clarify. Reply By muthuswamy kumar: The Reply: Yes. There is no bar. .....

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..... You can still claim exemption by investing in CGE bonds as you are his lega heir. Declare it to IT and claim. By, M. RAM KUMAR
Discussion Forum - Knowledge Sharing .....

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