https://www.taxtmi.com/news?id=13053 Amendment to section 54EC clarifies that investments in long-term specified assets out of capital gains from transfers of one or more original assets must be aggregated across the financial year of transfer and the subsequent financial year for the purpose of the statutory cap on exemptible reinvestment, thereby preventing taxpayers from splitting investments across years to exceed the annual limit; effective 1 April 2015 and applicable to assessment year 2015-16 onward. en-us Sun, 13 Jul 2014 16:31:46 +0530 Sun, 13 Jul 2014 16:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13053 Amendment to section 54EC clarifies that investments in long-term specified assets out of capital gains from transfers of one or more original assets must be aggregated across the financial year of transfer and the subsequent financial year for the purpose of the statutory cap on exemptible reinvestment, thereby preventing taxpayers from splitting investments across years to exceed the annual limit; effective 1 April 2015 and applicable to assessment year 2015-16 onward. News - Sun, 13 Jul 2014 16:31:46 +0530 https://www.taxtmi.com/news?id=13053