Mr. A earned a capital gain of Rs 100 lakhs on 31-2-2014 from the sale of a long term capital asset (land) within the limits of Jaipur Corporation. If he invests Rs 60 lakhs, out of Rs 100 lakhs, in Rural Electricity Corporation Bonds approved under Sec. 54 EC in 20-2-2014, what is the amount of exemption he can claim under Sec. 54 EC of Income Tax Act for the AY 2014-15?
| A. | Rs 60 lakhs |
| B. | Rs 50 lakhs |
| C. | Rs 100 lakhs |
| D. | Rs 30 lakhs |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
