Amout of deduction u/s 54ec.

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CA. Afjal Y Hamirani (Querist)
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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.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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.

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