Property matters
This query is : Resolved
vinod kumar ghai
(Querist)
15 June 2014
can any one buy property under section 54 and purchase capital gain tax saving bonds under section 54EC both thing together to avoid capital gain on income by sale of inhereted property
Nikhil Kaushik
(Expert)
15 June 2014
yes Mr Ghai...you can do both...there is no restriction under the income tax act...section 54 and 54EC are mutually exclusive..
15 June 2014
yes go ahead for the same as rightly said there is no restriction for the same as its beneficial section to assessee.
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