exemption u/s 54 & 54EC
kaustubh ketkar (investment advisor) (40 Points)
06 October 2017kaustubh ketkar (investment advisor) (40 Points)
06 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160551 Points)
Replied 06 October 2017
Yes, exemption under both sections can be availed simultaneously, for capital gain over any single house property transfer.
Ashwin Kumar
(1229 Points)
Replied 06 October 2017
Ashwin Kumar
(1229 Points)
Replied 06 October 2017
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 06 October 2017
Yes, exemption u/s 54 and 54EC can be claimed simultaneously.
Gaurang
(executive level)
(28 Points)
Replied 07 October 2017
Moneesh Nair
(0)
(609 Points)
Replied 08 October 2017
Kiran. S
(CTO)
(745 Points)
Replied 08 October 2017
I am further inquisitive as to amt paid for registration stamp duty can be deducted u/s 80C.
so exemptions under 54. 54EC and deductions upto 1.5 lakhs under 80C. Seperate chapters also.
Nikhil Bhat
(Financial services)
(133 Points)
Replied 08 October 2017
40 lakhs - EC bonds - exemption
(40 - 1.5) lakhs under 54 - exemption
1.5 lk under 80C - deduction
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