Scope of long term bonds u/s 54EC Income Tax extended from AY 2018-19
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 31. Expanding the scope of long term bonds under 54EC. 31.1 Section 54EC of the Income-tax Act provides that capital gain to the extent of Rs. 50 lakhs arising from the transfer of a long term capital asset shall be exempt if the assessee invests the whole or any part of… Read More »