54ec exemption
This query is : Resolved
17 November 2013
can we claim exemption of rs 1 cr u/s 54EC?
17 November 2013
Yes. Assessee is entitled to deposit Rs.50 lakhs each in two financial year.
Citation:- Shri Aspi Ginwala Vs. ACIT (2012) 44(II) ITCL 488 (Ahd-Tri).
Citation:- Shri Aspi Ginwala Vs. ACIT (2012) 44(II) ITCL 488 (Ahd-Tri).
17 November 2013
in a single assessment year, you can only claim upto 50 lakhs
18 November 2013
yes agree with all experts
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