Taxpayers Can Double LTCG Deduction by Strategically Investing Rs 50 Lakhs in Bonds Over Two Financial Years, Per Section 54EC.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Deduction u/s 54EC – LTCG - Proviso to Section 54EC restricts investment of more than Rs 50 lacs in a F.Y.. However, if assessee transfers his capital asset after 30th September of the F.Y. he gets an opportunity to make an investment of Rs. 50 lakhs each in two different F.Ys. - AT....