Question

Under Section 85 (earlier Section 54E

  • C , what is the maximum amount of capital gain exemption an assessee can claim by reinvesting in specified bonds issued by the National Highways Authority of India (NHA
  • C , and what is the required lock-in period? 
  • I or Rural Electrification Corporation (RE
A Maximum ₹25 Lakhs with a lock-in period of 3 years
B Maximum ₹50 Lakhs with a lock-in period of 5 years
C Maximum ₹1 Crore with a lock-in period of 3 years
D Unlimited exemption with a lock-in period of 5 years
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