WebJan 9, 2014 · The limit for investment is 50Lakhs in each financial year. If the assessee has transferred the capital asset in October or later, there is room to invest 50lakhs in 2011 … Web54EC bonds are popular investment instruments as investing in 54EC bonds allows investors to claim tax deductions on long-term capital gains. 54EC bonds also offer other features. Safe and Secure: 54EC bonds are AAA …
Can pio invest in 54ec bonds? (2024)
WebExemption of Capital Gains under Sections 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GB anf 54H ... (Section-54EC) : Exemption of Capital Gain on Transfer of any Long Term Capital Asset on the basis of Investment in certain Bonds (Section 54EE) : Capital Gain not to be charged on Investment in Units of a Specified Fund ... WebCan section 54F and 54EC simultaneously? Section 54 and 54F are mutually exclusive and cannot be used at the same time, due to the nature of assets covered under these sections. So, either Section 54 exemption will be available or exemption under Section 54F will be available, depending on the nature of the long-term asset sold. shark attack video little bay
Sec 54 EC - Capital Gains Bonds HDFC Bank
WebNov 5, 2024 · For the purpose of section 54EC, the maximum investment that can be made is restricted to Rs. 50 lakhs. An investor needs to consider other sections such as section 54 or 54F for the balance amount of investment. Moreover, the deduction under section 54 and section 54F is now capped to Rs 10 crore from FY 2024-24. WebJun 9, 2015 · According to section 54F an individual or HUF can claim exemption of any long term capital asset other than a residential house on investing net sale consideration in a residential house within two years in case of purchase and within three years in case of construction. The assessee must not have more than one residential house other than … WebMar 26, 2024 · The Assessee claimed exemption under section 54. The HC held that since assessee was owner of a house property, he would be entitled to exemption under section 54. CIT v Sh. Mahadev Balai ITA 136/2024 (Raj HC) – The HC allowed exemption u/s 54B for investment made by the assessee in the name of his wife. shark attack videos on youtube