Capital gains
This query is : Resolved
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
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
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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