dear all,
could you please provide some guide on section 54ee and what are the specified funds under this section for long term capital gain deduction
Long term capital gain if any realised may be invested in Central governments Start up Indias action plan maximum upto 50,00,000/- with 3 years lock in period.
If Investment value is > Gain then whole gain upto limit specified above will be exempt and if vice cersa then proportionate income will be exempt.
CAclubindia
