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Section 54ec

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(Querist)
05 June 2014 capital gain is Rs. 325000.
invested in 54EC Rs. 125000.
Thus capital gain under head CG Rs. 200000.
Assessee is senior citizen.Basic exemption limit Rs. 250000.
Whole amount of Rs. 200000 is exempted or flat rate will be charge?
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Deepti Asawa

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Deepti Asawa (Expert)
05 June 2014 Whole amount of capital gain Rs. 2,00,000 is exempted.

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