please tell me SEC54EC AND SEC 54EE CAN TAKE both of them take max investment 50lack or 1core
15 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14863 Points)
Replied 05 April 2019
In my opinion Its only 50 lac in both the cases , however you may take others opinion also.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 05 April 2019
these are two separate sections, so exemption will be considered for each section separately and not to be aggregated
Harshit Baheti
(344 Points)
Replied 06 April 2019
Exemption available for both
By reading the section itself u can tell that it is clear that available under both
But under 54EC now allowed only for Land n Building or both and 54EE all
By reading the section itself u can tell that it is clear that available under both
But under 54EC now allowed only for Land n Building or both and 54EE all
montee Idaiyar
(other)
(346 Points)
Replied 07 April 2019
@ Harshil Baheti,
please elaborate the investment options available u/s. 55EE.
Thanks in advance.
Harshit Baheti
(344 Points)
Replied 07 April 2019
@ montee
Have to purchase units of startup mutual fu d notified by C.G. Within 6 mnths from date of transfer
Units cannot be sold or redeem within 3 yrs frm acquisition date
montee Idaiyar
(other)
(346 Points)
Replied 07 April 2019
Can you name any of such units eligible for deduction u/s. 80EE, as my friend wish to invest. He already exhausted 80EC. Thanks once again.
montee Idaiyar
(other)
(346 Points)
Replied 07 April 2019
Sorry, its typo error... read 80EE as 55EE & 80EC as 55EC ...
montee Idaiyar
(other)
(346 Points)
Replied 07 April 2019
| Originally posted by : montee | ||
 |
Sorry, its typo error... read 80EE as 54EE & 80EC as 54EC ... |  |
Harshit Baheti
(344 Points)
Replied 07 April 2019
That's the most ironical part😂
Our govt hasn't notified any such fund so 54EE is '' A cake that one can't eat''
montee Idaiyar
(other)
(346 Points)
Replied 07 April 2019
Yes, that what I am searching for. Thanks for clarification.
So, the original query also gets resolved temporarily by availing deduction u/s. 54EC only!!!
rajesh
(g)
(28 Points)
Replied 10 April 2019
what is specified assets under that assets 54EE Central govt notify 1-4-2019 before what are those please tell me
Hemant Deshmukh
(student)
(286 Points)
Replied 10 April 2019
Not notified yet. Means any exemption u/s. 54EE is not available till now.
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