<s>[INST] What is the maximum amount of exemption allowed under section 54EE? [/INST] ​ The amount of exemption will be the lower of the following:
• Amount of long-term capital gains;
• Amount invested in specified assets; or
• Rs. 50,00,000

Investment in long-term specified assets during the financial year in which the original asset is transferred and in the subsequent financial year should not exceed Rs. 50 lakh. </s>