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.
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