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error in suggested answer nov2010

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05 January 2011 hi frnds in dt2010 suggested answer in p.no 3a i think capital gain exemption 54ec restricted to 50lakhs but they given wrong yhar could u clarify
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
04 August 2012 Please read Section 54EC which specifically provides that amount of investment in a year shall not exceed Rs. 50 lakhs.

Therfore the exemption has been restricted to Rs. 50 lakhs.
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