https://www.taxtmi.com/article/detailed?id=1619 Section 54EC exempts long term capital gains to the extent reinvested in specified long term bonds issued by designated entities within six months of transfer. The exemption equals the invested portion of the gain and investments in such bonds are not eligible for deduction under other relief provisions. There is an annual monetary ceiling on qualifying investments that caps the reinvestment available for any single capital gain event. Bonds are subject to a three year lock in; transfer or borrowing against them triggers recapture of the exempted gain. en-us Tue, 06 Mar 2012 12:43:38 +0530 Tue, 06 Mar 2012 12:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1619 Section 54EC exempts long term capital gains to the extent reinvested in specified long term bonds issued by designated entities within six months of transfer. The exemption equals the invested portion of the gain and investments in such bonds are not eligible for deduction under other relief provisions. There is an annual monetary ceiling on qualifying investments that caps the reinvestment available for any single capital gain event. Bonds are subject to a three year lock in; transfer or borrowing against them triggers recapture of the exempted gain. Articles Income Tax Tue, 06 Mar 2012 12:43:38 +0530 https://www.taxtmi.com/article/detailed?id=1619