54EC exemption
This query is : Resolved
20 June 2017
I have made some investments long long ago in plots. Want to exit out of real-estate.
Can I sell one plot every year say in April and claim exemption under 54EC by investing 50lacs in REC bonds within 6 months every year.
OR is the investment capped at 50lacs for a PAN at any point of time. which means I can invest 50lacs every 3 years only
CA Rashmi Gandhi
(Expert)
20 June 2017
You can invest in Bonds every year upto Rs.5000000/- to claim exemption.
However there is lock in period of 3 years from date of purchase of bonds.
However there is lock in period of 3 years from date of purchase of bonds.
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