Reinvestment of Long term capital from redeemtion of debit funds like FMP and UTI FMPs

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  1. VED PARKASH NAYYAR

    VED PARKASH NAYYAR New Member

    Dear Sir
    CAN long term capital gain earned from UTI /SBI FMPs [growth] be reinvested in REC/NHAI bonds to get tax exemptions.
    Regards
    VED P NAYYAR
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, Exemption can be claimed under Section 54EC for Capital Gains arising on sale of Debt Funds is invested in REC/NHAI Bonds
     
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