SECTION 54EC (CAN THIS EXEMPTION BE CLAIMED MORE THAN ONCE IN A LIFETIME?)

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CA Practice
236 Points Posted on 03 March 2022

If Exemption u/s 54EC has been claimed previously in any Financial Year against the Capital Gains of a property, then can the Exemption u/s 54EC be claimed once again against the Capital Gains of some other property sold in some other Financial Year?

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On 03 March 2022 at 15:48 Report
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Quick Summary
This discussion clarifies whether the Section 54EC capital gains tax exemption can be claimed more than once in a lifetime. While the exemption cannot be claimed more than once within a single financial year, it is indeed possible to claim it for capital gains arising from the sale of different properties in separate financial years.

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Profession
28271 Points Posted on 03 March 2022
This exemption cannot be claimed more than once in a financial year.
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On 03 March 2022 at 16:01
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SEO Sai Gr. Hosp.
212556 Points Posted on 04 March 2022

Yes, eligible for different properties...

1 Reply
On 04 March 2022 at 11:54
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Chartered Accountant
5010 Points Posted on 04 March 2022

Yes, exemption can be taken in another financial year 

1 Reply
On 04 March 2022 at 12:37

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