Regarding 54ec

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2016 My client was Sold a property on March 2016 and he invested 50 Lakhs under 54EC. Then Again he sold another property on April 2016, invested another 50 lakhs. Problem is these two investments were made on May 2016 ie in the same financial year. can he get exemption in both AY's???

Rupesh Jain

Rupesh Jain (Expert)
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23 June 2016 no under this section limit of exemption in a finance year rs. 50 lacs not the per property limit.

you have to make one investment in march and another in may-16 as you tell.

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2016 Thank You for the Reply Sir,

But, the Assessment Year is different for the properties Sold!!!!!!!!!

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