22 January 2021
Dear All Experts, One of my client sold a plot/land during the Financial Year 2020-21. This property was gifted to her husband from Govt long back (Before 1980). After the death of Husband this plot/land transferred to her Name. She has deposited all amount (sales consideration) in capital gain account scheme. She already have two residential houses. Can she claim exemption? In which section? Kindly suggest.
22 January 2021
Sec 54 EC by investing the funds in National Highway Authority Bond or Rural Electrification Corporation Ltd. Bond or Power Finance Corporation or Indian Railways Finance Corporation
CAclubindia
