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vinod kumar ghai (retired)     15 June 2014

Capital gain section 54 and section 54ec

Can I buy a property under section 54 and buy bonds as well under section 54 EC TO avoid capital gain


 5 Replies

CA. Kuldeep Singhi

CA. Kuldeep Singhi (Entrepreneur)     15 June 2014

Yes you can buy it to avoid cg
vinod kumar ghai

vinod kumar ghai (retired)     15 June 2014

Hope ur reply is to over section 54 and section 54 EC both buying together at the same time to avoid capital gain......
C.A. Jignesh N. Mehta

C.A. Jignesh N. Mehta (C.A.)     15 June 2014

Agree with Mr Kuldeep

Mihir

Mihir (Wealth Manager)     15 June 2014

Yes, you may use both section at the same time to claim exemption u/s 54 and 54EC to save tax.

vinod kumar ghai

vinod kumar ghai (retired)     15 June 2014

Thx all experts for clarifications

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