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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Exemption u/s 54EC - sale of depreciable assets - the benefit of ...


Section 54E Tax Benefit Applies to Sale of Depreciable Assets, Regardless of Capital Gains Computation Method.

December 19, 2012

Case Laws     Income Tax     HC

Exemption u/s 54EC - sale of depreciable assets - the benefit of Section 54E will be available to the assessee irrespective of the fact that the computation of capital gains is done either u/s. 48 and 49 or u/s. 50. - HC

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