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54EC

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(Querist)
19 June 2009 whether sec. 50C is applicable when the assessee wants to avail deduction u/s. 54EC. How he can invest more than what he has received on the sale proceed of asset.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
19 June 2009 The Net Sales Consideration is to be invested.
Under Sec.50C, the stamp duty valuation is taken as Full Value of Consideration and not the Sales Consideration.
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