Sold a flat last month. Long-term capital gains came to around Rs 42 lakh. CA mentioned I can invest in 54EC bonds within 6 months to avoid paying LTCG tax. He named REC, PFC, and IRFC. I have seen REC come up a lot in discussions here but IRFC is less talked about. What exactly is IRFC, and is there any practical difference between IRFC and REC bonds for this purpose?
Disc: 6-month window is ticking, would appreciate quick clarity.