Mr. Madan sold vacant land for ₹ 120 lakh on 10.10.2020. The indexed cost of acquisition amounts to ₹ 18 lakhs. He deposited ₹ 50 lakhs in REC bonds in January 2021 and another ₹ 50 lakh in March 2021. The amount of capital gain liable to tax after deduction under section 54EC is:

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Question:Mr. Madan sold vacant land for ₹ 120 lakh on 10.10.2020. The indexed cost of acquisition amounts to ₹ 18 lakhs. He deposited ₹ 50 lakhs in REC bonds in January 2021 and another ₹ 50 lakh in March 2021. The amount of capital gain liable to tax after deduction under section 54EC is:

1.₹ 2 lakhs

2.₹ 52 lakhs

3. ₹ 102 lakhs

4.₹ 18 lakhs

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  1. Mr. Madan sold vacant land for ₹ 120 lakh on 10.10.2020. The indexed cost of acquisition amounts to ₹ 18 lakhs. He deposited ₹ 50 lakhs in REC bonds in January 2021 and another ₹ 50 lakh in March 2021. The amount of capital gain liable to tax after deduction under section 54EC is:
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