Dear All
Please Inform Me,
How to Avail Tax Excemption u/s 54EC for Co-owner of Immovable Property
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Deduction u/s 54ec
Replies (1)
Hi, exemption under section 54EC is available upto 50,00,000 or amount of capital gain derived after indexation whichever is less per property transection. So, I beleive that even if you co-owned the property the total exemption among co-owners should not exceed 50,00,000.
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