54ec
This query is : Resolved
Rishabh Garg
(Querist)
09 May 2015
Mr A transfer some capital asset on 28.10.2013 arising gain of 80 lakhs, and 50 lakhs invest capital gains in REC bonds on 20.3.2014 and then in NHAI bonds of 30lakhs on 16.4.2014
how much amt is eligible for sec 54ec
CA PARAS BAFNA
(Expert)
09 May 2015
Rs 80 Lacs can be claimed as exemption in the AY 2014-15.
.
W.e.f. 1-4-2015, means from AY 2015-16, the 2nd proviso to Section 54EC(1) has come into effect which restricts the total benefit to Rs 50.00 lacs.
.
.
W.e.f. 1-4-2015, means from AY 2015-16, the 2nd proviso to Section 54EC(1) has come into effect which restricts the total benefit to Rs 50.00 lacs.
.
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