Capital Gain
This query is : Resolved
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.
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.
04 July 2009
Agreed with Ratan.
04 July 2009
Yes.. Balance amount only you can invest in 54EC. If you are investing full amount u/s 54F. then you can not avail exemption under 54EC.
04 July 2009
yes he can do so
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