Long-term capital gains on sale of a long-term capital asset in October, 2015 is ₹105 lakh. The assessee invested ₹50 lakh in REC bonds in March, 2016 and ₹55 lakh in NHAI bonds in May, 2016. The amount of exemption elig
CS Executive · Tax Laws and Practice · PYQS · December 2016
Long-term capital gains on sale of a long-term capital asset in October, 2015 is ₹105 lakh. The assessee invested ₹50 lakh in REC bonds in March, 2016 and ₹55 lakh in NHAI bonds in May, 2016. The amount of exemption eligible under section 54EC is —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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