Investment limit in specified asset: cap on capital gains reinvestment across transfer year and subsequent year enforced. A proviso is inserted into section 54EC providing that the investment made by an assessee in the long-term specified asset, from capital gains arising ... Summary
Investment limit in specified asset: cap on capital gains reinvestment across transfer year and subsequent year enforced.
A proviso is inserted into section 54EC providing that the investment made by an assessee in the long-term specified asset, from capital gains arising from transfer of one or more original assets, during the financial year in which the original asset or assets are transferred and in the subsequent financial year does not exceed fifty lakh rupees.
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