TaxTMI 
TaxTMI 
section 46 (2) and exemption under section 54 EC possible?
section 46 (2) and exemption under section 54 EC possible?
niketan kotadiya
Can Section 54 EC Exemption Be Combined with Section 46 (2) of Income Tax Act? Forum Debates Tax Law. A discussion on a forum addresses whether an exemption under Section 54 EC of the Income Tax Act can be applied alongside Section 46 (2). The conversation involves multiple contributors, with one participant clarifying that Section 54 EC's exemption is effective from April 1, 2018, as per the Finance Bill, 2017. Another participant expresses skepticism about the possibility of combining these sections and encourages others to expand their knowledge in income tax for the benefit of forum users. The discussion highlights a collaborative effort to understand tax law applications better. (AI Summary)