Will I apply for IRFC-REC-PFC Capital Gain Bonds more than once? For e.g., would you rather invest Rs. 50 lakh in two applications worth Rs. 25 lakh each or five applications worth Rs. 10 lakh each?
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Under Section 54EC, the maximum tax benefit available for investment in IRFC-REC-PFC Capital Gain Bonds is Rs. 50 lakhs. This means that regardless of the number of applications you submit, the total investment amount eligible for the tax benefit cannot exceed Rs. 50 lakhs.
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