Capital gain exemption u/s 54ec

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Neeraj Chandak (Querist)
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02 July 2014 Hello Sir

One of My Client have Sold his Flat on 14th March 2014 for 2 Cr.
He has Invested 1 Cr in 54EC Bond. Rs.50 Lacs On 20th march and 50 Lacs on 15th april 2014.

Since their is financial Year break between to two Investment in 54EC and As per section 50Lac is maximum Limit for Per Financial year.

Kindly Assist me Whether he can Avail the exemption u/s 54EC for 50 lacs or 1 Cr.

Rupesh Jain

Rupesh Jain (Expert)
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02 July 2014 u/s 54EC according to this section you have to invest the capital gain amount not the sale consideration invest within 6 month form the date tfr will invest
not more than Rs. 50 lacs in a year,

you make invest in diff-2 year then you can get exemption for both investment. and its required to invest only capital gain amount not the sales proceeds.

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