As Per section 54 EC any long term capital assets transferred is allowable .It does not exlude residential house property , so u can made investment in 54 EC up to 50 lakh
Akram
(C.A.FINAL)
(136 Points)
Replied 13 March 2013
As Per section 54 EC any long term capital assets transferred is allowable .It does not exlude residential house property , so u can made investment in 54 EC up to 50 lakh
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