Hi friends,
Whether deduction under Section 54EC of the Income Tax Act, 1961 is available even if investment was made before transfer of Long term Specified Asset. Kindly clarify my doubt along with case laws if any as soon as possible.
PVS Sastry (FCA) (47 Points)
01 March 2021Hi friends,
Whether deduction under Section 54EC of the Income Tax Act, 1961 is available even if investment was made before transfer of Long term Specified Asset. Kindly clarify my doubt along with case laws if any as soon as possible.
Practitising CA
(57 Points)
Replied 01 March 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 01 March 2021
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 01 March 2021
It should be invested within 6months of transfer
Kapadia Pravin
(17249 Points)
Replied 01 March 2021
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