Amout of deduction u/s 54ec.
This query is : Resolved
23 August 2011
hello sir/madam,
i know that maximum amt. of deduction is 50,00,000. but can u tell me if i invest some prortion of long tern capital gain than what amt. of deductiom i will getting?
i mean full amt. that i will invest or propotionet of long term capital gain.
give your answer as per income tax act. & with section, understanding,notes.
i know that maximum amt. of deduction is 50,00,000. but can u tell me if i invest some prortion of long tern capital gain than what amt. of deductiom i will getting?
i mean full amt. that i will invest or propotionet of long term capital gain.
give your answer as per income tax act. & with section, understanding,notes.
23 August 2011
You will get the deduction in respect of amount invested.
Capital Gain is say 40.00 lacs, but you invest 24.00 lacs.
Deduction U/s54EC will be amount invested i.e. 24.00 lacs.
Capital Gain is say 40.00 lacs, but you invest 24.00 lacs.
Deduction U/s54EC will be amount invested i.e. 24.00 lacs.
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