Dear Sir,
If I sell a residential flat and suppose my capital gains comes to around say 50 lacs, can I invest the capital gains of 50 lacs in both i.e 25 lacs in 54EC 3 year bonds of NHAI/REC and 25 lacs in buying a new residential flat for availing exemption?
My understanding is one can invest capital gains realised upto a limit of 50 lacs in 54EC bonds within 6 months from the date of sale of the flat.
Want clarification if I can invest the capital gains in both 54EC and 54F as per my example above?
S.S,
Mumbai
CAclubindia
