50c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2013
A person Sold a property for 7.5 lakhs.
Stamp Duty Value is 12 lakhs.
Sec 50C applies for him.
He invested 12 lakhs in REC bonds.
Whether he can claim exemption u/s 54EC of Income tax Act
Stamp Duty Value is 12 lakhs.
Sec 50C applies for him.
He invested 12 lakhs in REC bonds.
Whether he can claim exemption u/s 54EC of Income tax Act
24 July 2013
Yes, he can claim benefit to the extent of amount of capital gain ( Entire amount is not required to be invested).
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