Sec 54 & sec. 54ec exemption
Rachit (Analyst) (913 Points)
18 July 2013Rachit (Analyst) (913 Points)
18 July 2013
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 18 July 2013
In my opinion, there is no such restriction about claiming of exemption u/s 54 simultaneously with section 54EC....because both the sections are independent and also there is no specific restrcition that one out of two to be chosen....so exemption can be claimed simultaneously u/s 54 and 54EC....
Akshata
(CA Final )
(324 Points)
Replied 18 July 2013
Yes u can claim exemptions under both sections.