Rachit (Analyst) (913 Points)
15 July 2013Can an individual claim benefit of exemption u/s. 54 and 54EC together. In other words if an individual invests part of the capital gains in purchase of a house property and balance portion of the said capital gains are invested in capital gain Bonds.
Whether such exemption is permitted??
Mihir
(Wealth Manager)
(5293 Points)
Replied 15 July 2013
Such exemption, both u/s 54 and 54EC at the same time, is permitted
CAclubindia
