investment u/s 54EC

[CA.BHUPENDRASHAH]

can one invest @ Rs 50 lacs in each of two succeeding financial years if LT CG is earned say on 1-1-2012? /move]

[camanojgupta]

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

[CA.BHUPENDRASHAH]

IS THE LIMIT OF RS 50 LACS  QUA TRANSFER ALSO OR NOT ?

[pawansingla]

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.

[kkmalhotra08@gmail.com]

Yes
As per Section 54EC, Limit is applicable per financial year and not on per transaction.