TaxTMI 
TaxTMI 
Suppose capital gains of Rs 1.50 crores arises on 01 Jan 2012. If an individual invests Rs 50 lacs by 31Mrach 2012 and 50 lacs on 2 April 2102, will the entire 1.00 crores be eligible u/s54 EC
Investment u/s 54EC
20 Oct 2013 
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Investment limit under section 54EC: reinvestment within six months may secure capital gains deduction despite per year cap.
Deduction is allowable for long term capital gains reinvested in a qualifying long term specified asset within six months of transfer; a per financial year ceiling applies to investments made on or after 1 April 2007, but where reinvestments across dates within the six month window satisfy the statutory conditions the tribunal allowed the aggregate amount as deductible, with a noted equality concern arising from the ceiling's differing effect depending on the transfer date within a financial year. (AI Summary)
Deduction is allowable for long term capital gains reinvested in a qualifying long term specified asset within six months of transfer; a per financial year ceiling applies to investments made on or after 1 April 2007, but where reinvestments across dates within the six month window satisfy the statutory conditions the tribunal allowed the aggregate amount as deductible, with a noted equality concern arising from the ceiling's differing effect depending on the transfer date within a financial year. (AI Summary)