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54EC

This query is : Resolved 

20 March 2010 According to 54EC, we can invest Rs. 50 Lakhs in specified bonds in one financial year. if i Sold my one asset in Jan 2010 and my capital gain is Rs. 100 Lakhs and made investment of Rs. 50 Lakhs in Mar 10 and 50 Lakh in April 10. Can i claim full deduction of Rs. 100 Lakhs. because i have invested Rs. 50 Lakhs in one financial year and condition of six months is also fulfil. is their any change if i have earned this capital gain on sale of two capital assets.
Kindly give me case laws if any.

20 March 2010 yes u can


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