deduction u/s 54 EC

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madhur gupta (Querist)
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30 December 2008 hello friendz
plz tell me whether ded.u/s 54 EC is available against short term capital gain also besides long term
bcoz word given is"any capital gain"
thankx

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 December 2008 54EC is only for long term capital gains.

CA Chaitanya

CA Chaitanya (Expert)
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31 December 2008 54EC is applicable for long term capital gains.

CA Chaitanya

CA Chaitanya (Expert)
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31 December 2008 The asset transferred should be any long term capital asset and the investment to be made in the specified investemrnts.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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31 December 2008 Only for LTCG.

madhur gupta

madhur gupta (Querist)
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31 December 2008 the word in it long term capital asset
asset used for business for several years is also long term but gain arising from it is short term
so will be 54 ec available against it

madhur gupta

madhur gupta (Querist)
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31 December 2008 the word in it long term capital asset
asset used for business for several years is also long term but gain arising from it
is short term
so will be 54 ec available against it is short term?

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