54ec exemption death of tax payer

Vaishali Bopardikar (CA final passed) (109 Points)

05 March 2012  

Exemption u/s 54EC is claimed by d taxpayer in FY 2010-11 for long term CG. Wether after death of taxpayer his legal heir is required to hold that investment for 3 years?  If he withdraws that amount before completion of 3 yrs is it taxable in d hands of d legalheir? Plz Reply.