Economics · Income Tax Act
Under Section 54EE of the Income Tax Act, 1961, the maximum deduction allowable to an assessee from long-term capital gains on investment in units of a specified fund in a financial year shall be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,00,000
- 2Rs. 50,00,000✓
- 3Rs. 10,00,000
- 4Rs. 4,00,000
Correct answer
Rs. 50,00,000
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