| 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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
