In the case of investment in eligible start-ups which of the following condition is not applicable for the purpose of allowing exemption under section 54EE ?

CS Executive · Tax Laws · PYQS · June 2021
In the case of investment in eligible start-ups which of the following condition is not applicable for the purpose of allowing exemption under section 54EE ?
(A) Investment must be of long-term capital gain
(B) Investment to be made within 6 months after the transfer of capital asset
(C) Maximum investment is ₹50 lakhs
(D) The amount is to be invested in convertible debentures issued by a company

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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