04 November 2017
If a property is purchased for Rs 30 lacs in 2009 and sold in 2017 for Rs 60 lacs. What is the amount to be invested bonds under section 54- the entire amount of Rs 60 lacs or the difference of Rs 30 lacs
05 November 2017
U/s 54EC amount to be exempt lower of:
- Capial Gain
- Amount Invested in Bond
i.e you have to invest
"Sell Proceeds less Index Cost of Acquisition" to exempt the entire caputal Gain
CAclubindia
