54EC Investment in bonds
TEJASWI ARVAPALLI (2 Points)
05 September 2017
whether 50 lakhs limit is applicable for one year or for once for one person?
TEJASWI ARVAPALLI (2 Points)
05 September 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 05 September 2017
Per transaction....... per year......
uthra
(nil)
(27 Points)
Replied 05 September 2017
Kiran. S
(CTO)
(745 Points)
Replied 06 September 2017
people used to time their sale of assets so that they can buy bonds between Jan and March 31 and again between April and June - the next financial year. So in case of sale of Residential asset joint holders could invest upto 2 cr.
BUT THE BUDGET 2014 HAS PLUGGED THIS LOOP HOLE.
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