section 46 (2) and exemption under section 54 EC possible?, Income Tax

[niketan kotadiya]

section 46 (2) and exemption under section 54 EC possible?

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Which act your refer?

[KASTURI SETHI]

He is talking of Income Tax Act. Exemption under Section 54 EC is to be effective from 1.4.18. Clause 27 of Finance Bill, 2017 refers.

[MARIAPPAN GOVINDARAJAN]

In my view it is not possible. Sethi Sir, what is your opinion?

[KASTURI SETHI]

Sir, Income Tax is not my field. I just traced out relevant Sections from internet with an intent to know reply from you for enrichment of my knowledge. Query should not remain unanswered. Thanks.

[MARIAPPAN GOVINDARAJAN]

Please add income tax in your field so that viewers will be benefited much.

[KASTURI SETHI]

Sir, Thanks for reposing trust in me. I have no practical experience in Income Tax.