Capital gain of Rs. 75 lakh arising from transfer of long term capital assets will be exempt from tax if such capital gain is invested in the bonds redeemable after three years, issued by NHAI u/s 54EC of the Act.
| A. | True |
| B. | False |
| C. | Cannot be said with certainty |
| D. | Is decided by the Assessing Officer |
Answer : A Explanation : neha said: (4:03am on Tuesday 24th October 2017)
i dont think this much amt is allowed under sec54ec
Brajesh said: (12:27am on Tuesday 27th February 2018)
Amount upto 50 lack would be exempt if assesses invest in NHAI bond for minimum period of 3 years..
Asil Adnan said: (9:21am on Tuesday 5th June 2018)
Section 54EC offers exemption if long-term capital gains are reinvested within 6 months in Bonds issued by NHAI and REC which are redeemable after 3 years. Unfortunately, the Finance Act 2007 (FA07) has slapped a limit on such contributions of Rs 50 lakh per FY.
|
|
|
Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
