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Capital Gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2011 I have earned a capital Gain of Rs. 90lakhs of which 50lakhs(Maximum under sec 54EC)i will invest in Rural Electrification Bonds(REC) after the maturity period ie. 3Years is that investment is Taxable as Capital Gain?
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
23 June 2011 No it will not be taxable.
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CA Punit

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CA Punit (Expert)
23 June 2011 agree.. no taxation at time of withdrawal
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