Can Exemption under Section 54 & 54EC be claimed simultaneously?

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  1. Umapada Mukherjee

    Umapada Mukherjee New Member

    A owns one residential House Property, sales a property other than residential house property Capital gain arises of rupees 12300000.which is invested in REC Bond 54(EC) of RS 5000000 in due time. Purchase another residential House Property for RS 7300000 in 54(EC)in due time.

    1)Whether the Assessee can get exemption in both the sec 54EC & 54F ?
  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, exemption under both the sections can be claimed simultanesouly
    Umapada Mukherjee likes this.
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