Confusion : long term capital gain in excess of 50 lakhs
chaitanya (ceo) (176 Points)
03 July 2015chaitanya (ceo) (176 Points)
03 July 2015
Z
(Tax Consultation (US and India))
(2970 Points)
Replied 03 July 2015
Exemption u/s 54EC shall be resitricted only to 50 Lacs. However you may ,simultaneously , opt for exemptions under other sections [54,54F,54GB]
Note that in some cases you have to invest net consideration and in some you have to invest capital gain.
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