Sec. 54EC grants deduction from taxable capital gains on transfer of a capital asset to the extent of investments in notified bonds within six months from the date of transfer of such asset.
Therefore, You will be get a exemption only in the capital gain and thats also only in the year of arising of capital gain. So, if you want a exemption u/s 54EC of income tax act,1962 whenever capital gain is arising in sale of capital assets you need to invest in investments in notified Bonds
Leave a Reply
Your are not logged in . Please login to post replies