WebApr 10, 2024 · C. Exemption under Section 54 EC Available on long term capital gain , if invested in certain bonds. Two types of bonds have been identified for this purpose i.e. Bonds issued by NHAI and REC These bonds cannot be sold before the lapse of 5 years from the date of sale of house property 6 months time period is allowed for reinvesting … WebNational Highway Authority of India or NHAI bonds, Power Finance Corporation Limited or PFC bonds, Indian Railway Finance Corporation Limited or IRFC bonds. Key facts to …
Capital Gain Bonds - Section 54EC, Invest in PFC, NHAI, IRFC, REC
WebDownload the application forms to invest in capital gains bonds. NHAI 54EC Bonds REC 54EC Bonds. Key Features of 54EC Bonds. Provides exemption on capital gains tax (LTCG) Lock-in of 3 years and ... Financial Year across REC & NHAI: 500 bonds of 50 lacs in a Financial Year across REC & NHAI: Mode Of Interest: Annual: Annual: Interest … WebNov 5, 2024 · Section 54EC provides that if a taxpayer invests his long-term capital gains in specified bonds (i.e. NHAI bonds), then the amount of capital gains so invested shall be exempt up to the monetary ... hoffman 59750
Tax Exemption Bonds - Arihant Capital
WebHere are some of the primary features of the 54EC bonds. Interest: The section 54EC bonds offer an interest rate of 5.75 percent. Interest is earned annually. Interest earned on the bonds is taxable. Safe: The capital gain bonds are AAA rated and are secure. They are backed by public sector enterprises, and so the default rate is low. WebCapital Gains. Capital Gains Charging Section - Section 45(1) Any profits or gains arising from the transfer of a capital asset affected in the previous year, ... whichever is lower. Maximum Investment The maximum investment which can be made in notified bonds or bonds of NHAI and RECL, ... WebFeb 8, 2024 · Cost of NHAI or REC Bonds; Capital Gain on sale of land or building or both; The taxpayer can claim the capital gain exemption under Section 54EC of the Income Tax Act to reduce the tax liability. ... Example for capital gains on sale of bonds & debentures. For example, Mr. Rahul is a salaried individual and has invested in listed bonds and ... https proxy windows