Capital gain tax

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  1. j_srikumar

    j_srikumar New Member

    A senior citizen sells land for more than 50lakhs. He invests 50lakhs in REC bonds and pays taxes for the remaining amount.
    How does he show the exempted 50 lakh amount while filing?
    Which ITR form is to be used?
     
  2. ZED

    ZED Well-Known Member

    ITR-2
    Exemption needs to be claimed u/s 54EC if the investment was made within 6 months from date of transfer.
     
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