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Section 54ec of income tax act

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02 February 2012 I PURCHASED FLAT FOR 1,30,000/- INVESTING RS. 75,000/- DURING 92-93 AND RS. 55,000/- DURING 93-94. ON DISPOSING THE FLAT I GOT RS. 750000/- TODAY. HOW MUCH I SHOULD INVEST IN RURAL ELECTRIFICATION CORPORATION BONDS?
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
02 February 2012

130000*785/223 Rs.457623
55000*785/244 Rs.176947

Sale consideration recd. Rs,750000-634570 (Indexed cost of flat sold as per above computation). You need to invest rs.115430.

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