54ec

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Priyanka Katdare (Querist)
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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?

CA SHAH DILEEPKUMAR

CA SHAH DILEEPKUMAR (Expert)
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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.

Mihir Doshi

Mihir Doshi (Expert)
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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

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