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Under Section 54 EC of Income Tax, 1961 an investor need not pay any tax on any long-term capital gains arising on sale of any asset, if the amounts of capital gains are invested in certain specified bonds. Rural Electrification Corporation Limited (REC), National Highways Authority of India (NHAI), Power Finance Corporation (PFC) and Indian Railways Finance Corporation Limited (IRFC) are permitted to issue capital gains bonds under Section 54 EC. Caste your vote...