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Deduction u/s 54EC
can I take deduction u/s 54EC in case I transfer property under land development agreement.
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| Originally posted by : priyanka pal | ||
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can I take deduction u/s 54EC in case I transfer property under land development agreement. |  |
1-Capital gain arises from the transfer of Land and Building, being a long-term capital asset
2- Assessee has within a period of 6 months after the date of such transfer, invested capital gains in the Bonds of Specified companies.
Amount of exemption
Capital gain or the cost of new asset whichever is lower.
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