if we received ltcg from sale of mutual fund and then invest this amount in purchasing another mutual funds within 01 year , then am I eligible for claiming exemption u/s 54 ON THIS BASIS while filing my ITR?
SOMEBODY GIVE EXPLANATION.
Menu
Exemption claim u/s 54
Replies (3)
No. Not eligible.
I think exemptionncan be claim via section 54EA of IT ACT 1961.
Somebody clarify me in this regard as soon as possible
thanks in advance...
Somebody clarify me in this regard as soon as possible
thanks in advance...
Govt amended section 54EC by restricting its scope only to capital gains arising from long-term capital assets, being land or building or both.
This amendment will take effect, from 1st April, 2019 and will, accordingly, apply in relation to the assessment year 2019-20 and subsequent assessment years.
This amendment will take effect, from 1st April, 2019 and will, accordingly, apply in relation to the assessment year 2019-20 and subsequent assessment years.
Recent Topics :
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
Related Topics :
CAclubindia
