Sec 54EC
This query is : Resolved
CA Ashritha PB
(Querist)
07 December 2010
Hello freinds,
Sec 54EC limit is 50Lakhs, it s for each capital gain or for aggregate. if we take it each capital gain, wat is the consequenses?
Sec 54EC limit is 50Lakhs, it s for each capital gain or for aggregate. if we take it each capital gain, wat is the consequenses?
Rajesh Kumar
(Expert)
07 December 2010
It is for aggregate investment in specified assets in a financial year. If aggregate exceeds 50L, benefit of 54EC for the excess amount is not available.
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