Long-term capital gains on the sale of a long-term capital asset in October 2020 is 1105 lakh. The assessee invested 150 lakh in REC bonds in March 2021 and ₹ 55 lakh in MIAI bonds in May 2021. The amount of exemption eligible under Section 54EC is

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Question:Long-term capital gains on the sale of a long-term capital asset in October 2020 is 1105 lakh. The assessee invested 150 lakh in REC bonds in March 2021 and ₹ 55 lakh in MIAI bonds in May 2021. The amount of exemption eligible under Section 54EC is

1. Nil

2.₹ 50 lakh

3.₹ 55 lakh

4. ₹ 105 lakh

Posted by R4R Team
  1. Long-term capital gains on the sale of a long-term capital asset in October 2020 is 1105 lakh. The assessee invested 150 lakh in REC bonds in March 2021 and ₹ 55 lakh in MIAI bonds in May 2021. The amount of exemption eligible under Section 54EC is
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