Assessee died in month of May 2018 and he has sold flat in March 2018 which resulted in capital gain of Rs.12 lakhs. Now nominee wants to take benefit of investment in capital gain bonds. However, when enquired with REC for capital gain bond investment, they said that investment can be made in name of nominee and there will be no name of deceased assessee on the capital gain bond. Will such investment qualify for section 54EC deduction. Will IT deparment allow to claim deduction u/s.54EC even when there will be no name of deceased assessee on the bond.
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