Long term capital gain

mcgjpr 1
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I am having long term capital Gain of Rs.15 lacs on the sale of residential property.

I want to know whether I can buy one residential property of Rs. 10 lacs and invest balance amount of Rs. 5 lacs in Bond and get full benefit.

section-54ec capital-gain-bonds residential-property long-term-gains section-54 capital-gains
1 Answers

Income tax rules are silent on simultaneous usage of section 54 and 54EC, so you should be able to do it.

Pankaj Batra5212
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