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Anil

Anil Rego  |377 Answers  |Ask -

Financial Planner - Answered on Sep 12, 2022

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
A Question by A on Sep 12, 2022Hindi
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My queries are:

1)    To my understanding the Section 54 EC is applicable to the LTCG gain derived from the sale of land or building or both, and from the sale of listed shares -- as per applicable holding periods. I would like to know whether the LTCG from redemption of units of Equity oriented mutual funds is also eligible u/s 54 EC or not? 

Ans: It is applicable to sale of property alone. 

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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