Web26 jun. 2024 · The Union Budget 2024 had extended the applicability of capital gain exemption under Section 54. It allowed the purchase or construction of two residential houses if the the gain is less than Rs... Web21 feb. 2024 · It is important to note that any loan availed against these securities before 3 years would be treated as a capital gain. Exemption Under Section 54EC – Profits from the sale of a long-term capital asset are exempt from …
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WebUnder section 54EC- The exemption under section 54EC, can also be claimed up to the amount of capital gain, in specified capital bonds within 6 months from the date of transfer. The amount up to Rs. 50,00,000 can be invested in specified bonds, which have a lock in period of 5 years. Example, 3- Web24 feb. 2024 · Exemption u/s 54F can be availed within a year before or two years after the date of transfer of shares (assuming these are held for long term) or within three years … fish tank agency mirfield
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Web20 jul. 2024 · An NRI can also invest in capital gains bonds as per Section 54EC to claim an exemption on capital gains. Archit Gupta is founder and chief executive officer, ClearTax. Queries and views at ... Web10 okt. 2024 · The exemption claimed under section 54EC would be withdrawn, in case the long term specified asset is transferred or converted into the money before the expiry of the period of three years or five years, as the case may be. Web10 mrt. 2024 · The exemption can be availed only once in a lifetime, which means that individuals and HUFs should plan their sale and purchase of property accordingly. The conditions laid down under Section 54 should be carefully understood and followed to avail the exemption. fish tank air