section 54 and section 54EC of income tax
This query is : Open
lakshmi narayan
(Querist)
29 March 2017
whether section 54 and section 54EC of income tax are mutually exclusive? can exemption under both of them can be availed for single asset sold. ie, partially under 54 and partially under 54EC
Studentsca
(Expert)
29 March 2017
Yes
Exemption under both the sections can be availed simultaneously.
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