54ec
This query is : Resolved
24 July 2019
Sir I have this query
Client has LTCG from
Sale of land and Building
But client invested u/s 54EC only against Capital gains of land.
I suggested that instead of showing that investment against land show it against building as otherwise building will be considered as STCG as depreciation is applied. Now having problem in putting this data in software. As how to show bifurcation and whether balance capital gain on building after 54EC exemption will be STCG OR LTCG
Client has LTCG from
Sale of land and Building
But client invested u/s 54EC only against Capital gains of land.
I suggested that instead of showing that investment against land show it against building as otherwise building will be considered as STCG as depreciation is applied. Now having problem in putting this data in software. As how to show bifurcation and whether balance capital gain on building after 54EC exemption will be STCG OR LTCG
31 May 2020
Balance of LTCG will be treated as LTCG only.
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