04 July 2009
An assessee has sold a land last year and invested in buying a residential house for claiming deduction u/s 54F. Whether the assesee can invest the balance amount in bonds u/s 54EC and claim deduction under both sec 54F & 54EC simultaneously.
04 July 2009
Hi, Yes the assessee can claim deduction under both the sections. Both the sections are independent from each other and there is no bar as such.
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