When the assessee avails the benefit of Sec 54 EC of the IT act, 1961, will ths provision comes to the rescue of the assesse in respect of the TDS recovered by the buyer which may be a huge amount say n the order of Rs. 10 Lakhs
Menu
Capital gains
Replies (1)
Section 54EC can provide exemption only upto 50L of LTCG.... (means LTCG tax saved about 10L)
What about rest amount of LTCG? TDS 10L means sale of property of about 10Cr....
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
