Capital gains reinvestment under section 54EC allows tax relief when invested in specified bonds within six months. Tax relief under Section 54EC is available for reinvestment of long-term capital gains in specified bonds if invested within six months of transfer in bonds issued by prescribed issuers; such bonds must meet the minimum holding/redemption period (five years for the later assessment years, three years for earlier applicable years) and must not be redeemed earlier. The relief excludes short-term capital gains and is subject to a maximum eligible investment limit of fifty lakh rupees.