Capital gain query

Tax queries 400 views 1 replies

HELLO FRIENDS,

IN SECTION 54EC

WHAT DO YOU MEAN BY LONG TERM CAPITAL ASSETS?

A PERSON  WHO SELLING A RESIDENTIAL HOUSE CAN AVAIL BENEFIT OF 54 EC FOR INVESTING IN NHAI OR REC BOND?

Replies (1)

1. The value of a company's property, equipment and other capital assets, minus depreciation. This is reported on the balance sheet. 

2. A stock, bond or other asset that an investor plans to hold for a long period of time.

 

they are geerally recorede at historic or book value and not at market value.

can invest in any of the bond as desired by seller within 6 months of sale.


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