54ec

This query is : Resolved 

23 May 2012 Can i claim an exemption of Rs. 1 crore u/s 54EC in one financial year by investing the amt. of Rs. 50 lakhs each in subsequent financial year within the 6 month of sale of assets?

23 May 2012 Yes, the investment of 50 lacs should spread over 2 financial years and i.e. also within six months from the date of transfer.

23 May 2012 Agree with Expert.

Make sure, you have sold out asset after September and before March then within 6 month cap you can invest 50 lacs in same year and another 50 lacs by next year but time limit should not go beyond 6 months from the date of sale of an asset

Thanks
Mihir Doshi




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