what are the conditions for investing in nhai bonds.
suppose an assessee has earned a capital gain of RS 25lacs on sale of property purchased in 2009.
what is the maximum amount that the assessee can invest in nhai bonds to get ltcg rlief.
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nhai bonds
Replies (3)
1. First calculate long term capital gains after indexation of COA & COI, if any.
2. The maximum amount that can be invested in NHAI cap gain bonds is capped at 50 lakhs per annum (Sec. 54EC)........ but here the LTCG (being lesser amount) as derived after indexation can be invested fully to get nil tax liability.
3. If you invest lesser than that amount, capital gain tax exemption will be in the proportion of amount invested to net LTCG.
maximum 50 lakhs
50 lakhs
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