54EC exemption

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Sunil (Querist)
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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

CA Rashmi Gandhi (Expert)
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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.

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