Right in a property is a capital asset.Exemption under section 54EC can be claimed on transfer of any kind of capital asset. So even sale of a right in property shall be considered as a sale of capital asset and you can save tax on such transfer by investing in the bonds of REC and NHAI provided there is a long term capital gain from the transfer of such asset.
Exemption under section 54EC, sale of Right in property, Tax Filing Here we explained the conditions under which one can claim the exemption u/s 54EC on sale of right in property.
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