Hope you are doing well !!
-For claiming exemption from capital gains, investment can be done in :
- Residential house property under section 54F: Invest in a ready to move in property within 2 years of sale or purchase land and construct a house property within 3 years of sale.
- Eligible bonds under section 54 EC: Invest with 6 months of sale. Such bonds shall be redeemable after 5 years.A taxpayer can invest a maximum of Rs 50 lakh of the capital gains incurred in these bonds
Please note that in order to claim exemption u/s 54F entire sales consideration needs to be invested in new residential property.
-They can split the sale value/capital gain into 50-50 share and invest in two different residential properties
-No, she can claim capital gain benefits.
-54EC bonds come with a lock-in period of 5 years (effective from April 2018) and are non-transferable.
Such bonds cannot be redeemed before five years from date of transfer.
To claim full exemption the entire sale receipts have to be invested.
In case entire sale receipts are not invested, the exemption is allowed proportionately.
[Exemption = Cost the new house x Capital Gains/Sale Receipts]