Exepmtion u/s 54ec

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ANAND (Querist)
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02 April 2018 ONE OF INDIVIDUAL SOLD ASSEST IN MARCH 2017 , OUT OF ITS LTCG HE PURCHASES NHAI BOUND OF RS 50 LAKH ON 30 MAY 2017 AND CLAIM EXEPMTION U/S 50 EC IN AY 17-18, THERE AFTER IN NOV 2017 HE SOLD ANOTHER ASSEST NOW IF HE PURCHASES NHAI BOUND IN APRIL 2018 OF RS 50 LAKH ALSO , THEN WEATHER HE CAN CLAIM EXEMPTION U/S 50EC IN AY 18-19

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 April 2018 Yes., because two original asset's are transferred in different financial year's and
maximum amount of deposit against each original asset at any point of time is
50 lakhs only.

RAJA P M

RAJA P M (Expert)
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02 April 2018 yes, Both of the sale made different FY. So, Assessee can avail the benefit of the exemption u/s 50EC...

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