under section 54 and 54f only individuals and huf are allowed.
but under 54 ec it says that on transfer of any long term capital asset all assessee get exemption by buying bonds.
so can company also get exemption for residential property?
khishen shet (ca) (277 Points)
02 February 2012under section 54 and 54f only individuals and huf are allowed.
but under 54 ec it says that on transfer of any long term capital asset all assessee get exemption by buying bonds.
so can company also get exemption for residential property?
CA Karishma Chawla
(CA)
(271 Points)
Replied 04 December 2013
in 54ec its specified dat if any long term asset except residential property is transferred den exemption is available if u invest in bonds..
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