Investment of long term capital gain on sale of house proper
This query is : Resolved
18 December 2014
Dear sir,
My assessee sale a property worth Rs. 1 crore, He invest Rs. 50 Lakh in National Highway scheme U/s 54EC and also purchase a house property Rs. 50 Lakh
is the treatment done by assessee is correct?
My assessee sale a property worth Rs. 1 crore, He invest Rs. 50 Lakh in National Highway scheme U/s 54EC and also purchase a house property Rs. 50 Lakh
is the treatment done by assessee is correct?
18 December 2014
yes allowed both deduction if all conditions as mentioned in respective section are satisfied.
19 December 2014
IS THERE ANY LIMIT FOR PURCHASING OF PROPERTY
LIKE RS. 50 LAKH FOR INVESTMENT IN NHAI.
LIKE RS. 50 LAKH FOR INVESTMENT IN NHAI.
19 December 2014
yes for bonds under 54EC is 50 lakhs in 1 fy
19 December 2014
time limit of 2 years is there from date of transfer of old property
19 December 2014
you are welcome abhi...............
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