Deduction under section 54EC

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62 Points Posted on 19 January 2021
Show by way of example where long term capital gains are more than cost of the house
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On 19 January 2021 at 16:29 Report
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This discussion clarifies the deduction available under Section 54EC of the Income Tax Act. It explains that this exemption is applicable when capital gains are invested in specified bonds, such as those issued by NHAI or REC. Importantly, the cost of the new house purchased does not affect the eligibility for this deduction.

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17269 Points Posted on 19 January 2021
What is query !! please elaborate
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On 19 January 2021 at 22:46
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62 Points Posted on 20 January 2021
Deduction under 54EC in case of capital gains
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On 20 January 2021 at 12:29
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Consultant
1891 Points Posted on 20 January 2021

54EC exemption is allowed when you invest the gains in bonds of NHAI/REC bonds. Cost of new house will not matter. 

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On 20 January 2021 at 12:49

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