Filing air
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2012
Is it mandatory to file an AIR if sale of Property was made for Rs.30.25L?
Can I avail of deduction under Sec 54EC if I purchased bonds for profit amount on sale of House property after indexation?
Appreciate prompt response please.
Regards...BK
Can I avail of deduction under Sec 54EC if I purchased bonds for profit amount on sale of House property after indexation?
Appreciate prompt response please.
Regards...BK
29 July 2012
The assessee is NOT required to file AIR. AIR will be filed by the stamp valuation authority.
Yes you can avail exemption u/s 54EC provided the investment is made within 6 months of transfer.
Yes you can avail exemption u/s 54EC provided the investment is made within 6 months of transfer.
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