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CAPITAL GAIN EXEMPTION

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(Querist)
23 September 2017 am selling a land on March and from that proceeds of the sale 50 lakhs is deposited in 54EC scheme in the same financial year and another 50 lakhs is deposited in next financial year( with in six months) .can I claim 1 cr deduction ?
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
23 September 2017 If the investment under 54EC in two financial years and within 6 months time from date of transfer, then you can claim such deduction
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nibinajay

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nibinajay (Querist)
25 September 2017 thanks sir
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