Hi,
If i am selling the ESOPs, and then quickly invest the difference (taxable money) in 54EC bonds, should i still need to pay taxes? The ESOPs are in the US market and i live in India.
Thanks,
Slow
IIUC, 54EC exemption on capital-gains is NOT applicable on sale of stocks.
Source: Section 54EC of the Income Tax Act.
Thank you for the response. This is bad really that 54EC cannot be used for this.