CApital gains deduction u/s 54EC

This discussion clarifies eligibility for Capital Gains Tax deduction under Section 54EC. Mr. A sold a property on 30.04.2024, incurring a Long Term Capital Gain (LTCG) of Rs. 25 lakh. He invested the full amount in REC Bonds on 29.09.2024, with funds debited on 01.10.2024 and bonds allotted on 31.10.2024. The consensus is that Mr. A is eligible for the full Rs. 25 lakh exemption, provided all other compliance requirements for Section 54EC are met.