When the assessee avails the benefit of Sec 54 EC of the IT act, 1961, will ths provision comes to the rescue of the assesse in respect of the TDS recovered by the buyer which may be a huge amount say n the order of Rs. 10 Lakhs
Menu
Capital gains
Replies (1)
Section 54EC can provide exemption only upto 50L of LTCG.... (means LTCG tax saved about 10L)
What about rest amount of LTCG? TDS 10L means sale of property of about 10Cr....
Recent Threads
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
Related Threads
CAclubindia
