Capital gains exemption u/s 54EC of Income tax Act, 1961

0 comments Sunday, March 4, 2012

Section 54EC of Income Tax Act, 1961 provides an option to save tax on capital gain arising from transfer of long term capital asset subject to fulfillment of certain conditions. Provisions of section 54EC are being discussed hereinbelow for the benefit of all concerneds.

Circumstances under which deduction u/s 54EC is available: The deduction u/s 54EC will be available subject to the following conditions:

Read On