NRI investing in section 54EC bonds

Either way it will not make any difference.

Interest earned every year will be taxed in the respective ITR.

Redemption proceeds are directly credited to respective NRO account as declared  in the application form.

Thanks for the quick reply.

So would the redemption proceeds be eligible for remit (i.e transfer to NRE account from the NRO account) as originally the fund was from property sale?

The origin of fund will be from redemption of bonds.

The origin from property sell will get nullified by filing ITR of the AY relevant to date of property sell.

Once tax paid certificate issued by CA, the funds will be easily repartee-able.

oh ok.

So once I invest the capital gain in section 54EC bonds, I can take tax exemption on the capital gain in the FY of property sale. In the same year, I can move the property sale proceeds (principal amount + capital gain) to the NRE account once tax obligation meet certificate is prepared by CA.

Further, can I invest the capital gain in 54EC bonds from different companies (NHAI, REC, PFC,...) as I like to diversify the investment?

or does it have to only one company?

Correct..

Yes, it can be any company/ies but should be eligible for sec. 54EC exemption.

Is it possible to first transfer sale proceed from NRO to NRE account and than invest in 54ec bonds from nre account?