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Section 54ec

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Querist : Anonymous

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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
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
07 December 2013 The limit is 50 Lacs and if you deposit 30 then to that extant you can claim as exemption
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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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