banner_ad

54ec

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 May 2012 Can i claim an exemption of Rs. 1 crore u/s 54EC in one financial year by investing the amt. of Rs. 50 lakhs each in subsequent financial year within the 6 month of sale of assets?
Profile Image

CA SHAH DILEEPKUMAR

Profile Image

CA SHAH DILEEPKUMAR (Expert)
23 May 2012 Yes, the investment of 50 lacs should spread over 2 financial years and i.e. also within six months from the date of transfer.
Profile Image

Mihir Doshi

Profile Image

Mihir Doshi (Expert)
23 May 2012 Agree with Expert.

Make sure, you have sold out asset after September and before March then within 6 month cap you can invest 50 lacs in same year and another 50 lacs by next year but time limit should not go beyond 6 months from the date of sale of an asset

Thanks
Mihir Doshi
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details