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54ec exemption

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(Querist)
17 November 2013 can we claim exemption of rs 1 cr u/s 54EC?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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).
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 November 2013 in a single assessment year, you can only claim upto 50 lakhs
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
18 November 2013 yes agree with all experts
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