54EC exemption
This query is : Resolved
20 June 2017
I have made some investments long long ago in plots. Want to exit out of real-estate.
Can I sell one plot every year say in April and claim exemption under 54EC by investing 50lacs in REC bonds within 6 months every year.
OR is the investment capped at 50lacs for a PAN at any point of time. which means I can invest 50lacs every 3 years only
20 June 2017
You can invest in Bonds every year upto Rs.5000000/- to claim exemption.
However there is lock in period of 3 years from date of purchase of bonds.
However there is lock in period of 3 years from date of purchase of bonds.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Forgot to update debit note in gst
- Can we claim ITC in 28%
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- Accounting Policies changes
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- Sale of Gold ornaments
- CA Final exammm
- ADDITIONAL PLACE OF BUSINESS DOCUMENTS
- Are You Looking For an Easy Academic Help?
- Wrongly goods delivered to other state
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
