Exemption from Capital Gain tax on investment in long term bonds u/s 54EC w.e.f AY 2018-19
Expanding the scope of long term bonds under 54EC [Section 54EC of Income Tax Act – Applicable from Assessment Year 2018-19] The existing provision of section 54EC of 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… Read More »