Exemption under section 54EC
Saket Mishra (367 Points)
02 December 2023
If an assessee sells Land and due to which Capital Gain arises, and he invested the sale consideration u/s 54EC in two financial year but within 6 month from the date of transfers of capital asset, and the amount of investment in the said bonds are more than 50 lakhs, in such a case can he claim exemption for an amount which is more than 50 lakhs.