Long term capital gain
This query is : Resolved
Khan Saqib
(Querist)
13 December 2013
Is an individual allowed to take long term capital gain of u/s 54 & 54EC together?
CA PARAS BAFNA
(Expert)
13 December 2013
Let us go through an example.
Capital Gain in case of an Individual is say 5000000/-.
.
He inests 3000000 in a residential house and invests rs 2000000 in Capital gain Bonds.
.
He can claim benefit under both the sections.
.
Capital Gain in case of an Individual is say 5000000/-.
.
He inests 3000000 in a residential house and invests rs 2000000 in Capital gain Bonds.
.
He can claim benefit under both the sections.
.
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