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Sec 54 & sec. 54ec exemption
Can an individual claim benefit of exemption u/s. 54 and 54EC together.
In other words if an individual invests part of the capital gains from sale of house property in purchase of another house property and balance portion of the said capital gains are invested in capital gain Bonds. Whether such exemption is permitted??
Replies (2)
In my opinion, there is no such restriction about claiming of exemption u/s 54 simultaneously with section 54EC....because both the sections are independent and also there is no specific restrcition that one out of two to be chosen....so exemption can be claimed simultaneously u/s 54 and 54EC....
Yes u can claim exemptions under both sections.
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