26 May 2008
we have short term capital gain of Rs.50000/- U/S 50 but as per book profit on sale is coming to RS 550000/- due to That we have to pay Tax U/S 115JB. Now my question is whether can we invest U/S 54EC to save TAx U/S 115JB by investing in bonds of NHAI/REC ltd.
CAclubindia
