54EC cap limit for investment
Mohit Singhal (5 Points)
02 January 2018Prior to budget 2014, it was capped at 50L in a previous year but now it states that 50L is irrespective of financial year!
Mohit Singhal (5 Points)
02 January 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171233 Points)
Replied 02 January 2018
" If an assessee has sold 2 separate capital assets in an year, can he claim an exemption of 1cr (50L+50L)?"
NO.
"Prior to budget 2014, it was capped at 50L in a previous year but now it states that 50L is irrespective of financial year!"
CORRECT
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