2.15K viewsHouse & Propertyhouse property LTCG
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Client sold residential property in May 2018. As per revised def of sec 54EC by Finance Act 2018 where it is mentioned that LTCG FROM SPECIFIED ASSETS LAND OR BUILDING OR BOTH. I need clarification whether Residential flat also included in land or building..?  OR  I can invest the same in 54EC.

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You can save by investing the amount of LTCG in 54EC bonds. Flat is nothing but land and building both taken together. 54EC is avaialble for land / building.

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Land and Building, for the purpose of exemption u/s 54EC includes residential flats,bungalows house etc.

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