Please advice me on section 54ec of the income tax act,1961.

Yes

/experts/sec-54ec-ltcg-exemption-330500.asp

https://www.mumbaipropertyexchange.com/News/NewsDetail.aspx?id=1512

Yes, Sunil there is no doubt you can invest 50L within 31st March and another 50L anytime between April to June in bonds mentioned in 54EC

yes you can do it

Thank you for your time and response !

Yes dear u are absolutely right....

very well interpreted

"the limit is for a financial year"

an assessee invests money received from sale of residential site Rs.71lacs earns LTCG Rs.64lacs,  he invests such gain partly in bonds in a nationalised bank Rs.41Lacs for less dan 1 yr and partly invests in purchase of new site Rs.25 Lacs within 3 months.

old site was purchased in 2004-05 and sold in 2009-10 (FY)

My question is,

how much exemption can b claimed ? after maturity of such bonds, construction on new site takes place, what r d criterias to b followed here ? does gain invested in bonds has limit tat for prescribed period it should nt b used or should b utilised wit in so n so period ? how to deal with dis ?

kindly help.

Hello !! Are there covered case laws vindicating the above stand ?? I would be grateful for any help on the above as the case is at appeal level now.

I will look out for case laws. but u pls go through the Finance Minister Budget speech financial year 2007. It has been referred like "Per investor per year" and not simply "per investor".. The limit " in any financial Year"...