HELLO FRIENDS,
IN SECTION 54EC
WHAT DO YOU MEAN BY LONG TERM CAPITAL ASSETS?
A PERSON WHO SELLING A RESIDENTIAL HOUSE CAN AVAIL BENEFIT OF 54 EC FOR INVESTING IN NHAI OR REC BOND?
1 Replies
JAINENDRA JAIN
(ACS/CA)
(1668 Points)
Replied 14 July 2013
1. The value of a company's property, equipment and other capital assets, minus depreciation. This is reported on the balance sheet.
2. A stock, bond or other asset that an investor plans to hold for a long period of time.
they are geerally recorede at historic or book value and not at market value.
can invest in any of the bond as desired by seller within 6 months of sale.
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