LTCG in REC,NHAI
This query is : Resolved
07 September 2010
Attn : Gaurav
Thank you for your reply. From your reply I assume that one is allowed to invest both in REC & NHAI in the same year...up to 1 Crore to claim tax exemption on LTCG.Please correct me if my assumption is wrong.THank you
Thank you for your reply. From your reply I assume that one is allowed to invest both in REC & NHAI in the same year...up to 1 Crore to claim tax exemption on LTCG.Please correct me if my assumption is wrong.THank you
07 September 2010
The maximum amount is Rs. 50 lakhs in an year vide proviso to section 54EC(1)(b) of the Income Tax Act,1961.
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