A Person sold 2 lands in Feb 2026 and March 2026, His Long term Capital gains from 2 transaction is Rs.122 Lacs , out of it he invested max permissible amount of Rs 50 lacs in IRFC 54EC bonds in March 2026 , out of balance LTCG Rs 72 lacs , can he invest in April or May 2026 ( Next fin year , but within 6 months) of Rs50 lacs in IRFC 54 EC Bonds , so that he can pay LTCG tax , as self assessment tax on balnace 22 lacs
The short answer is no, he cannot claim the additional ₹50 Lakhs exemption. While the strategy you mentioned was a common and legal tax-planning loophole several years ago, the Income Tax Department has since amended Section 54EC to close it.
Limit of Sec 54EC EXHAUSTED.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
