Long term capital gains.
This query is : Resolved
19 April 2011
My client is having a Long term capital gain of Rs.35 lacs on sale of a house.
He would like to invest a part of it in a new house and to invest the balance of the capital gain in Rural Electrification Corporation Ltd bond.
is it possible to mix the exemption under Section 54EC and Section 54.
would be thankful if some one can clarify this point.
He would like to invest a part of it in a new house and to invest the balance of the capital gain in Rural Electrification Corporation Ltd bond.
is it possible to mix the exemption under Section 54EC and Section 54.
would be thankful if some one can clarify this point.
Pankaj Jhawar
(Expert)
20 April 2011
yes, you can take both claims
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