Section 54ec
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2013
Applicability of Section 54EC
If an assessee as long term capital gain of 1crore and if he invests 30lakhs in bonds u/s 54EC. Will he get full 30lakhs excemption or only proportionate exemption.If proportionate can u please provide the workings of calculation.
Thanks in anticipation
If an assessee as long term capital gain of 1crore and if he invests 30lakhs in bonds u/s 54EC. Will he get full 30lakhs excemption or only proportionate exemption.If proportionate can u please provide the workings of calculation.
Thanks in anticipation
07 December 2013
The limit is 50 Lacs and if you deposit 30 then to that extant you can claim as exemption
30 December 2013
30 lkahs will be allowed u/s 54EC if deposited within 6 months of transfer of capital asset.
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