Whether REC 64EC Bond allows indexation of resale property

This discussion clarifies whether REC 54EC bonds can be used to exempt capital gains tax arising from the sale of a resale property. The consensus is yes, provided the property has been held for over two years, allowing for indexation to calculate long-term capital gains. The investment in REC 54EC bonds must be made within six months of the property sale and should cover the amount of the long-term capital gain.