Can i claim any exemption by investing in REC bonds for my buy back capital gain?
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Exemption for Buy Back Capital gain
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Yes, you can claim exemption by investing your buy back capital gain provided it is long term capital gain and amount is invested within 6 month from the date of transfer of long term asset.
Further the investment made on or after April 1,2007 in long-term specified assets viz. bonds of NHAI and REC by an asseessee during any financial year cannot exceed Rs. 50 lakh.
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