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?
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