TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2018 Amends Section 54EC: Tax Exemption for Gains on Land/Buildings if Invested in Specified Bonds.</h1> Clause 20 of the Finance Bill, 2018 proposes amendments to section 54EC of the Income-tax Act, effective from April 1, 2019. The amendment specifies that capital gains from transferring long-term capital assets, specifically land or buildings, will not be taxed if invested in specified bonds within six months. The definition of 'long-term specified asset' is updated to include bonds redeemable after three years for investments made before April 1, 2018, and after five years for those made on or after this date. These bonds must be issued by the National Highways Authority of India, the Rural Electrification Corporation Limited, or other government-notified entities.
TaxTMI 
TaxTMI 
