Sec 54EC

NIRAJA KUMAR PANDA (Student) (51 Points)

21 February 2011  

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