As per the provisions of section 54EC, capital gains arising on the transfer of long-term capital assets shall be exempt provided the following conditions are satisfied:
The asset should be a long-term capital asset, being land, building or both
The capital gains should be invested within 6 months from the date of the transfer of the asset
The amount is invested in specified capital gain bonds of
Rural Electrification Corporation(REC),
National Highway Authority of India(NHAI),
Power Finance Corporation Limited(PFC) or
Indian Railway Finance Corporation Limited(IRFC)
The maximum limit under the section is Rs. 50 lakhs. To conclude, the maximum investment amount cannot exceed Rs. 50 lakhs.