Yes. 54F if invest in Hp 54 EC for investing in specified investment instrument. coverted asset can be treated as longterm & profit as longterm capital gain
Sec 54F, 54EC, all are for land building and flats yes an assessee is eligible for capital gain exemption U/S 54F of the act of the investment is done when converted stock in trade is sold
The law stands correct as per Sec 54EC. All capital asset transfer. But , I have told u the general trend. Sec 54 F, Sec 54 EC stands for availng exemption on transfer of capital asset and availing benefit out of it .
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