Assessee sells flat for 1 crore. Assume that net capital gain as on 01-04-2015 is 80 lakhs, can he then use the amounts as follows?
Rs. 50 lakhs invested in new flat u/s 54
Rs. 30 lakhs invested in bonds u/s 54EC
Is this allowed? Can he claim the same asset under 2 different sections in the same year? Thereby claiming entire 80 lakhs as deduction?