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?
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
CAclubindia
