Capital gains and 54EC

Sunil (manager) (149 Points)

05 December 2020  

Say I have sold a property on 1/jan/20 having capital gain of 50 lakhs and

another on 1/sep/20 having similar capital gain of 50 lakhs.

Can I avoid capital gain tax by investing in 50 lakhs in bonds on 1/5/20 and another 50 lakhs on 1/oct/20. If this is not allowed because I cannot invest more than 50 lakhs in a FY, Can I invest 50 lakhs on 1/mar/20 and 50 lakhs on 1/oct/20 to avoid capital gain tax on both sales?