What are the circumstances in which exemption under section 54EC can be withdrawn?

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..... ns. The exemption claimed by assessee under section 54EC can be withdrawn in the following circumstances: a) Transfer of bonds within 5 years: If the bonds are transferred within five years, the pre .....

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..... s of their acquisition, the previously exempted amount of capital gains will be subject to tax as a long-term capital gain in the previous year in which the bonds are converted into cash.
Manuals, .....

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