Capital gain
Narendra mahadev hegde (ARTICLESHIP STUDENT) (246 Points)
19 April 2018
Is Section 54EC deduction available on deemed transfer(liquidation of company)?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 20 April 2018
No.
Vide the budget 2018, the section 54EC has been amended by restricting its scope only to capital gains arising from long-term capital assets, being land or building or both. (from AY 2019-20)
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