we had sold a property last f.y and had ltcg of rs.48,00,000 which we invested in rec bonds.
this f.y we are selling another property and getting ltcg of approx 45,00,000.
my query - is there any limit on an individual to avail capital gain bonds ? as per my understanding i can use the limit of 50 lakhs every f.y . please clarify.
thank you.
CAclubindia
