CAPITAL GAIN
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2011
I HAVE EARNED A LTCG AMOOUNTING TO RS. 60 LAKS (SAY). CAN I GET EXEMPTION U/S 54EC BY INVESTMENT OF RS 35 LAKH IN REC CAPITAL GAIN BOND AND U/S 54 BY PURCHASING A RESIDENTIAL HOUSE FOR RS 25 LAKH SIMULTANEOUSLY
21 June 2011
Yes you can avail Exemption under both the sections as the Sections are very much independent from each other.
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
- 44AD VS 44AB AUDIT
- Query Regarding Refund Adjustment Against Outstanding Demand
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- TDS on land property purchase Form-141 related query
- TDS Return processing
- ITR FILING ISSUE
- Purchase of property from NRI
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
