Income tax rules explained: Sold land or property? How Section 54EC bonds can help you claim capital gains tax exemption

If you've sold land or property at a profit, you can claim exemption on long-term capital gains under Section 54EC of the Income Tax Act. To do this, invest in specific bonds within six months of the sale. The investment limit is ₹50 lakh, and the bonds must be held for five years. Eligible bonds include those issued by the National Highways Authority of India, Rural Electrification Corporation, and Power Finance Corporation, among others.