54ec
This query is : Resolved
Priyanka Katdare
(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?
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.
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
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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