Sir/Madam,
My indexed cost of acquisition of immovable property for FY 2026-2027 is Rs. 1,30,00,000. I have sold it for Rs. 1,80,00,000 and invested Rs. 50,00,000 in Capital Gains Tax Bonds section 54EC.
I have income from interest of Fixed Deposits - Rs. 600000 and Dividend from listed equity shares - Rs. 200000.
Can I claim exemption under section 87A and pay 0 tax, kindly advice.