Capital gains
This query is : Resolved
15 March 2012
Please explain Section 54EC of Income tax act is an independent provision not controlled by section 50? and Is the tax benefit under section 54EC on long term capital gain revised to Rs.1crore to investment with in the time specified of six months in two consecutive financial years?
15 March 2012
Not increased to Rs.1 crore. But assessee's are depositing Rs. 50 lacs each in two financial year's falling with in the cap of six moths.
21 March 2012
sir that means can assessee's take Rs.1 crore as a benefit?or not
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