deduction u/s 54 EC
This query is : Open
madhur gupta
(Querist)
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
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
30 December 2008
54EC is only for long term capital gains.
CA Chaitanya
(Expert)
31 December 2008
54EC is applicable for long term capital gains.
CA Chaitanya
(Expert)
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
(Expert)
31 December 2008
Only for LTCG.
madhur gupta
(Querist)
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
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
(Querist)
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?
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?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
