Hi All,
My client is selling two flats in the same building constructed by Him to two different persons by two seperate Sale Deeds.
He has question that weather he can invest an amount of Rs 1cr in section 54EC as the limit is Rs 50 Lakhs.
So basically the confusion is that weather the limit of Rs 50 Lakhs mentioned in section 54EC is person specific or Property specific ?
Thanks and Regards.
CA Rishabh Khaitan
CAclubindia
