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of <h1>Clarification on Section 54E: Investments in specified assets before sale deed execution qualify for long-term capital gains exemption.</h1> Section 54E of the Income-tax Act, 1961, allows for exemption of long-term capital gains if the net consideration is invested in specified assets within six months after the transfer date. A technical interpretation suggests that investing earnest money or advance in specified assets before the sale deed execution might disqualify the exemption. However, after consultation with the Ministry of Law, it was clarified that such investments will qualify for exemption, as they are part of the sale consideration and align with the section's intent. Therefore, investments made before the asset transfer date will still be eligible for exemption under Section 54E.
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