hi All,

Please help in answering below query related to capital gains deduction u/s 54EC.

CAse - Mr. A has sold property on 30.04.2024. LTCG calculated after indexation - 25 lakh. Sec 54EC REC Bonds applied for 25 lakh on 29.09.2024. Money debited from bank on 01.10.2024. Bonds allotted on 31.10.2024.

a. Is Mr. A eligible to get exemption u/s 54EC?

b. If yes, how much?