Tag Archives: Amendmentof section 54EC.

Exemption from Capital Gain tax on investment in long term bonds u/s 54EC w.e.f AY 2018-19

By | February 11, 2017

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 »