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of <h1>Investment Cap Set at 50 Lakh for Long-Term Assets Under Amended Section 54EC, Effective April 2015</h1> Section 54EC of the Finance (No. 2) Act, 2014, is amended to include a new proviso effective from April 1, 2015. This proviso stipulates that the investment made by a taxpayer in long-term specified assets, derived from capital gains from the transfer of one or more original assets, should not exceed fifty lakh rupees during the financial year of the asset transfer and the subsequent financial year.
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