The tax deduction is available under section 54EC of the Income Tax Act. 54EC does not allow any tax exemption on short-term capital gain tax.
source https://www.caclubindia.com/articles/deduction-under-section-54ec-capital-gain-44772.asp
source https://www.caclubindia.com/articles/deduction-under-section-54ec-capital-gain-44772.asp
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