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Capital gains

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(Querist)
13 December 2011 Sir,
I want to know if it is possible to claim simultaneous exemption under Sec 54EC and Sec 54F for the sale of a plot. I have earned a Capital gain of Rs.2.1 crores. Since sec 54EC imposes a limit of 50 lakhs on investment i wanted to know if it is possible for me to invest in capital gain account scheme apart from the bonds of 54EC.
thanks in advance
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
13 December 2011 Yes, it is possible to claim both the exemptions simultaneously. There is no restriction on claiming simultaneous exemption u/s 54EC and Section 54F.
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