Can Non-Residents save tax on Long Term Capital Gains by purchasing
bonds of NHAI or REC as per section 54EC or this benefit is only
available for residents.
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Benefit u/s 54EC to Non-residents
Replies (2)
Exemption In respect of capital gain is available to all assessees (including Non residents) U/S 54EC. So non Residents can save tax by purchasing bonds of NHAI or REC .
As there is no specific exclusion of non-residents from the exemption of sec 54EC.
Therefore we can give this exemption to non-residents also.
Thanks,
taxsolution @ againstthelaw.co.in
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