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Preclosure of 54EC bonds


Siva (engineer)     22 March 2021

Siva
engineer 
 1 likes  65 points

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I have sold residential land in Oct'19 and used the capital gain [some % of it] to buy the 54EC bond rest I have parked in Capital Gain account. The same has been declared during iTR filing in FY 2019-20 and got acknowlegement from the Income Tax authorities also.

Now I have an opportunity to invest in a real estate property. I have the window upto Oct'21. Is there a way to preclose the 54EC bonds and use that amount for buying the property. If so what is the procedure like refiling FY 2019-20 ITR etc and can the experts explain.

 

Thanks.

Kapadia Pravin

Kapadia Pravin   22 March 2021

Kapadia Pravin

 1062 likes  16687 points

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There is no provision to pr-close 54EC bonds
Sourav

Sourav (Student)     22 March 2021

Sourav
Student 
 375 likes  5987 points

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No there is no such pre closure

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