To avail capital gains exemption, investment in 54 EC Capital gain bonds are to be made within 6 months. The six month period ends on 17th April. Though the investment can be made online before 17th April, allotment of bonds will be made only on the last day of the month, viz 30th April.
In such a case, will such investment qualify for capital gains exemption as allotment date is beyond the due date for investment?
Hey @Narayanan_Nagarajan,
If the purchase is made within 6 months, you can avail the exemption u/s 54EC even if the shares are allotted to you at a later date. Here’s a FAQ document for PFC bonds that explains in detail.
Hope this helps!
Thank you very much.