Capital Gains - Sec 54EC
This query is : Resolved
05 March 2008
Sec 54EC says, "any capital gain from transfer of long term assets......"
So, If i sell long term depreciable asset, can i enjoy the benefit u/s 154EC by investing the gain under REC Bonds/NHAI bonds.
Sec 54EC says, "any capital gain from transfer of long term assets......"
So, If i sell long term depreciable asset, can i enjoy the benefit u/s 154EC by investing the gain under REC Bonds/NHAI bonds.
05 March 2008
NO sir u can't enjoy benefit u/s 54EC becoz for the purpose of capital gain purpose depriciable assets consider only short term assets.
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