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Investment of long term capital gain on sale of house proper

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(Querist)
18 December 2014 Dear sir,
My assessee sale a property worth Rs. 1 crore, He invest Rs. 50 Lakh in National Highway scheme U/s 54EC and also purchase a house property Rs. 50 Lakh
is the treatment done by assessee is correct?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 December 2014 yes allowed both deduction if all conditions as mentioned in respective section are satisfied.
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abhi jain

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abhi jain (Querist)
19 December 2014 IS THERE ANY LIMIT FOR PURCHASING OF PROPERTY
LIKE RS. 50 LAKH FOR INVESTMENT IN NHAI.



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 December 2014 yes for bonds under 54EC is 50 lakhs in 1 fy
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abhi jain

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abhi jain (Querist)
19 December 2014 IS THERE ANY LIMIT FOR PURCHASING OF PROPERTY
?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 December 2014 time limit of 2 years is there from date of transfer of old property
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abhi jain

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abhi jain (Querist)
19 December 2014 kkkk
THANKS A LOT SIR
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 December 2014 you are welcome abhi...............




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