Yes you can split the same. It is possible for an assessee to avail exemption under more than one section in respect of Capital Gains arising on transfer of a capital asset.
Capital gain of more than 50 lakhs
Dear sir, if the capital gain is more than 50 Lakhs, can I split the amount and Buy REC BONDS for 50 lakhs and balance to buy a residential property?
Asked 9 years ago in Capital Gains Tax
Yes you can invest Rs 50 lakhs in bonds u/s 54EC and balance gains in a residential property.
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