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Ask your queries or reply to others' queries => Discussion => Topic started by: CA.BHUPENDRASHAH on December 24, 2011, 09:30:08 PM

Title: investment u/s 54EC
Post by: CA.BHUPENDRASHAH on December 24, 2011, 09:30:08 PM
can one invest @ Rs 50 lacs in each of two succeeding financial years if LT CG is earned say on 1-1-2012? /move]
Title: Re: investment u/s 54EC
Post by: camanojgupta on December 24, 2011, 10:43:27 PM
THE LIMIT AS PER PROVISO TO SECTION 54EC(1) IS RS 50 LAKHS PER FINANCIAL YEAR
SO NO PROBLEM IF THE BONDS R AVAILABLE

CA MANOJ GUPTA
JODHPUR
09828510543
Title: Re: investment u/s 54EC
Post by: CA.BHUPENDRASHAH on December 31, 2011, 07:22:16 PM
IS THE LIMIT OF RS 50 LACS  QUA TRANSFER ALSO OR NOT ?
Title: Re: investment u/s 54EC
Post by: pawansingla on January 05, 2012, 07:45:40 PM
No issue.exemption/limit u/s 54EC is applicable per finacial year and not per transaction. This issue has been discussed several times in our circle and i feel no reason to differ.
Title: Re: investment u/s 54EC
Post by: kkmalhotra08@gmail.com on January 11, 2012, 12:10:54 AM
Yes
As per Section 54EC, Limit is applicable per financial year and not on per transaction.
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