Section 54 ec exemption
This query is : Resolved
29 December 2016
Sir, my client has purchased 500 NHAI bonds 2 years back for claiming exemption under Section 54 EC and he is still holding the same. Can he purchase more bonds this year to claim exemption under Section 54 EC against some other Asset. Can more than 500 bonds can be held at a time?
Please reply
Please reply
03 January 2017
Section 54EC does not talk about number of bonds it only says that in one financial year total amount invested in bonds should not exceed Rs. 50 lacs.
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