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Exemption under section 54EC
If an assessee sells Land and due to which Capital Gain arises, and he invested the sale consideration u/s 54EC in two financial year but within 6 month from the date of transfers of capital asset, and the amount of investment in the said bonds are more than 50 lakhs, in such a case can he claim exemption for an amount which is more than 50 lakhs.
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Exemption under sec 54EC.
PLS BE EXPLICUT
PLS BE EXPLICUT
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