Maximum deduction u/s 54EC is Rs. 50,00,000
Suppose the assessee had invested Rs. 60,00,000 u/s 54EC
My question is
Whether the assessee can claim deduction Rs. 50,00,000 or
Deducction will be NIL
Maximum deduction u/s 54EC is Rs. 50,00,000
Suppose the assessee had invested Rs. 60,00,000 u/s 54EC
My question is
Whether the assessee can claim deduction Rs. 50,00,000 or
Deducction will be NIL
I THINK SO THE ASSESSEE CAN CLAIM DEDCUTION UPTO RS. 50 LAKHS.
REGARDS,
DEVENDRA KULKARNI
CAclubindia
