• REC bond time frame

Hi sir/madam

I sold a property(vacant land) on 17th September 2021, I have incurred a capital gain tax, now on the 16th of March, 6 months time period gets completed, so I have a few questions

1) can I still file 54 EC REC bonds in this short period of 3 days via online mode( According to the RECINDIA website investing in rec bonds online is through RTGS or NEFT and the amount gets credited immediately)

2) if I couldn't invest in REC bond within 3 days, can I still invest in REC beyond 6 months( i.e maybe within 2 weeks after 6 months time period) and still claim the exemption in capital gain tax

thank you please advice
Asked 2 months ago in Capital Gains Tax

1) Yes you can still invest in REC bonds online and it would be treated as investment for the purpose of claiming exemption.

2) Exemption benefit would not be available u/s 54EC

Vivek Kumar Arora
CA, Delhi
4408 Answers
527 Consultations

5.0 on 5.0

As per provision investment bonds needs to bed made within 6 months from the date of sale and hence it is advisable to get the bonds as soon as possible or else you might have to pay tax.


Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo
CA, Jaipur
4008 Answers
64 Consultations

5.0 on 5.0

Its mandatory to purchase bonds within 6 Months time period to save from Capital Gain applicability


Also date of application will be considered as eligible date of investment so even if bonds received 3 days later if application is done and account is debited than its as per compliance


However there are past tribunal judgments where investment under 54EC also allowed in case where investment is made on or before completion of financial year. So you may also take advantage if there is any delay in the investment

Vishrut Rajesh Shah
CA, Ahmedabad
789 Answers
30 Consultations

5.0 on 5.0

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