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Income Tax - Highlights / Catch Notes

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Exemption u/s 54EC - can investments spread over two financial ...

Income Tax

May 31, 2019

Exemption u/s 54EC - can investments spread over two financial years - The provision as contained in section 54EC r/w its proviso would make it clear that the cap is with regard to the amount to be invested in a particular financial year and it does not restrict the claim deduction even if the investments are made in excess of ₹ 50 lakh spread over two financial years

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