ThakurAnshdeepSingh (student) (92 Points)
08 May 2015
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 09 May 2015
AMAR KRISHNA
(OFFICER)
(25 Points)
Replied 10 May 2015
dear sir, please clarify the date from when does the period of 180 days, under sec 54EC, start for investing in govt securities in reference to long term capital gains - is it from the date of agreenmnt to sale and receipt of token amount or from the day of regisistration of the sale of the property, which may be later, on receipt of the whole amount of payment.
thank you
amar krishna
Jishnu Surendran
(Finance Manager)
(312 Points)
Replied 17 May 2015
if you are an assessee having income under the head business...you cannot defer the expenditure as in the next year it will become a 'prior period item'
and let me tell you...the limit of rs. 2500 is stipulated by the Constitution of India ( Article 276 (2) ) and the government cannot levy any amount about the limit unless the amend the article.....
for salaried assessees it should be actually paid in the year...so if you have paid 2500 for the year..you cannot defer a part of it
CAclubindia
