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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

Deduction u/s 54EC – LTCG - Proviso to Section 54EC restricts ...

Income Tax

April 9, 2012

Deduction u/s 54EC – LTCG - Proviso to Section 54EC restricts investment of more than Rs 50 lacs in a F.Y.. However, if assessee transfers his capital asset after 30th September of the F.Y. he gets an opportunity to make an investment of Rs. 50 lakhs each in two different F.Ys. - AT

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