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Deduction u/s 54EC

This query is : Resolved 

06 December 2008 Hello Respected members,

a) Whether investment made in non-convertible redeemable debentures (CFIL NCD Series - 210) issued by Citicorp finance (India) Limited can be claimed as deduction under section 54EC

b) A senior citizen has only longterm capital gain. So can we claim deduction of Rs. 195000/- from the income and bal tax it at 10%

GUD DAY
C A Tejashwini

06 December 2008 Answer for 2nd question - As per Sec.112, BEL of Rs.1.95L can be availed against LTCG.



06 December 2008 a) Only bonds of NHAI and REC.

b) Yes you can.

06 December 2008 Thanks a lot for the answers given by the members

Gud day



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