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LTCG in REC,NHAI

This query is : Resolved 

07 September 2010 Attn : Gaurav

Thank you for your reply. From your reply I assume that one is allowed to invest both in REC & NHAI in the same year...up to 1 Crore to claim tax exemption on LTCG.Please correct me if my assumption is wrong.THank you


07 September 2010 The maximum amount is Rs. 50 lakhs in an year vide proviso to section 54EC(1)(b) of the Income Tax Act,1961.


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