54 EE Insertion

[Tejas Kothari]

Hello Can i get the Benifit of newly inserted Section 54 EE if i make sale deed in this FY 2016-17 (A.Y 2017-18)???

Thanks

Tejas

AI Summary

Inquiry on Eligibility for Benefits Under Section 54EE of Income Tax Act for Transactions in Fiscal Year 2016-17 A participant inquired whether they could benefit from the newly inserted Section 54EE of the Income Tax Act if they executed a sale deed in the fiscal year 2016-17 (assessment year 2017-18). The response clarified that Section 54EE became effective from April 1, 2016.