which of the three dates is taken to start period of holding in industrial plot- lease deed date or possession date or allotment date?
Also tell me can an assessee avail benefit of both section 54f and 54ec simultaneously?
1 Answers
Its the possession date which is considered date of transfer and hence used in long term gains computation.
As such, Income tax rules are silent on using 54F and 54EC simultaneously, so you may use them.
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