Section 54ec
This query is : Resolved
16 July 2013
One of our client has sold a Flat on Feb, 13 and earned Long term capital gain of Rs. 52 Lacs. He has invested Rs. 50 Lacs in the bonds in Feb, 13 u/s 54EC. Whether he can get the benefit of exemption of the remaining 2 Lacs in the FY 2012-13 if he invests 2 Lacs in July, 13
16 July 2013
Yes he can get the benefit as the Financial year changes so limit of Rs 50 lakhs is year wise.
Message likes :
1 times
16 July 2013
Yes
Citation:- Shri Aspi Ginwala Vs. ACIT (2012) 44(II) ITCL 488 (Ahd-Tri).
Citation:- Shri Aspi Ginwala Vs. ACIT (2012) 44(II) ITCL 488 (Ahd-Tri).
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Copyright software
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
