https://www.taxtmi.com/manuals?id=3467 Exemption under section 54EC is withdrawn if specified bonds are sold, transferred, redeemed or converted into cash within the applicable lock in period; in such case the capital gains previously exempted on the original long term asset become taxable as long term capital gain in the year of the bond transfer or conversion, thereby forfeiting the earlier exemption. en-us Fri, 08 Dec 2023 14:35:00 +0530 Fri, 08 Dec 2023 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3467 Exemption under section 54EC is withdrawn if specified bonds are sold, transferred, redeemed or converted into cash within the applicable lock in period; in such case the capital gains previously exempted on the original long term asset become taxable as long term capital gain in the year of the bond transfer or conversion, thereby forfeiting the earlier exemption. Manuals Income Tax Fri, 08 Dec 2023 14:35:00 +0530 https://www.taxtmi.com/manuals?id=3467