Deduction u/s 54EC
This query is : Resolved
Tejashwini
(Querist)
06 December 2008
Hello Respected members,
a) Whether investment made in non-convertible redeemable debentures (CFIL NCD Series - 210) issued by Citicorp finance (India) Limited can be claimed as deduction under section 54EC
b) A senior citizen has only longterm capital gain. So can we claim deduction of Rs. 195000/- from the income and bal tax it at 10%
GUD DAY
C A Tejashwini
a) Whether investment made in non-convertible redeemable debentures (CFIL NCD Series - 210) issued by Citicorp finance (India) Limited can be claimed as deduction under section 54EC
b) A senior citizen has only longterm capital gain. So can we claim deduction of Rs. 195000/- from the income and bal tax it at 10%
GUD DAY
C A Tejashwini
06 December 2008
Answer for 2nd question - As per Sec.112, BEL of Rs.1.95L can be availed against LTCG.
06 December 2008
a) No.
CA Tilak Raj Sharma
(Expert)
06 December 2008
a) Only bonds of NHAI and REC.
b) Yes you can.
b) Yes you can.
Tejashwini
(Querist)
06 December 2008
Thanks a lot for the answers given by the members
Gud day
Gud day
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
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- 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
- Regime change
- Goods sold but invoice not issued
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
