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Sorry!Capital Gains Account Scheme can't be used for purchasing Bonds. 
Right Now there are no bonds in the market , either by NHAI or RECL -the two bonds specified under Section 54EC .These were issued somewhere in July 06. For people who have got capital gains on land this year, there are only two options left for them...
http://q4tax.blogspot.com/2006/11/sorrycapital-gains-ac
count-scheme-cant.html
added by taxworry, 11 months 22 days ago
count-scheme-cant.html

