Hello, If an assessee invest his capital gains in section 54EC to avoid to pay capital gains. The investments lock in period is 3 years . I want to know that at the redemption of such bond under section 54EC will be taxable to the assessee ????
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Section 54ec
Replies (4)
Interest is taxable, not the principal amount.
agree with mihir
yes only interest is taxable...
Only inteRest component is taxable and not principal
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