Question ID :
44390
54EC & 54F simultaneously
Can anybody claim exemption u/s 54EC & 54F simultaneously ??
Posted by
SUDIP KUMAR MUKHOPADHYAY
on
Dec 22, 2022
Filed Under
Capital Gains
Yes.
Inference - ACIT Vs. Deepak S. Bheda [2012] 23 taxmann.com 159 (Mum).
Posted by
B.CHACKRAPANI WARRIER on
Dec 22, 2022
Answer ID :
83850
Answer is Yes, if it is Land or Building (Section 54EC) and is not a Residential House (for the purpose of Section 54F). In such a scenario, you can claim both by satisfying other conditions laid down in respective Sections.
Posted by
Rupakula Rajasekhar on
Dec 23, 2022
Answer ID :
83853
yes
Posted by
SHUBHAM SONI on
Dec 24, 2022