Withdrawal of exemption u/s 54ec
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2012
Hi,
In the previous year i deposited my capital gain and enjoyed the exemption under section 54EC, but due to emergency(Need of Finance) am withdrawing the amount which leads to withdrawal of exemption u/s 54EC.
So can any one tell me the procedure for withdrawing the exemption, i mean whether i need to submit any respective "FORM" to the AO ...?
Kindly help me out
In the previous year i deposited my capital gain and enjoyed the exemption under section 54EC, but due to emergency(Need of Finance) am withdrawing the amount which leads to withdrawal of exemption u/s 54EC.
So can any one tell me the procedure for withdrawing the exemption, i mean whether i need to submit any respective "FORM" to the AO ...?
Kindly help me out
28 June 2012
You just have to declare the same as income in the year of withdrawl.
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