There is no online mechanism of purchasing these bonds and a person would be required to physically visit their office and fill in the physical form. After Under Section 54 EC of Income Tax, 1961 an investor need not pay any tax on any long-term capital gains arising on sale of any asset, if the amounts of capital Know more about capital gains bonds in India which is One of the way of saving tax on long-term capital gains by investing in the bonds issued by NHAI or REC. Jul 3, 2018 Visit your banker, some banks like Axis, ICICI facilitate purchase of these bonds. Check the website of these Authorities, you may be able to purchase online as Looking for Sec 54 EC - Capital Gains Bonds? HDFC Bank provides Capital Gains Bonds under Section 54EC of the Income Tax Act, 1961. Get tax exemption Power Finance Corporation of India (PFC), PFC Capital Gain Tax Series - 3, Download, NA. Rural Electrification Corporation Limited (REC), 54EC CGTE Bonds
Oct 29, 2015 Is it advisable to buy NHAI/REC Bond to save capital gain tax on the sale of an asset like land, property, etc.? I came to know that interest rate is
In simpler terms, a bond is a formal contract to repay borrowed money with an interest at fixed intervals. Investment bonds are a way to raise money. When you purchase any type of bond (government, convertible, callable, etc.), you are lending money to the issuer which may be a corporation, the government, a federal agency or any other entity. REC Limited (formerly Rural Electrification Corporation Limited) is a Navratna company under the administrative control of the Ministry of Power. REC Limited funds their business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings and provides financial assistance to the power sector in all segments i.e Generation, Transmission and Distribution. Under Section 54 EC of Income Tax, 1961 an investor need not pay any tax on any long-term capital gains arising on sale of any asset, if the amounts of capital gains are invested in certain specified bonds. Click to know more! Several online brokerage firms have slashed the fees to buy bonds. At Fidelity, Schwab, and E-TRADE, you can buy Treasurys online for no commission and most other types of bonds, including agencies and corporate bonds, for $1 per bond. Some brokers charge mark-up fees for bonds. Mark-up fees are added to the price of the bond. Download REC 54EC Capital Gains Bonds Application Form Year 2019-20 for Tax Saving Bond with 5.75% Interest Rate and 5 years lock in Period and Maximum Rs. 50,00,000/- Investment. Call for investment on 9822403407 or visit www.sanriya.in Buy REC bonds in April for 50 Lac i.e next financial year. Is that allowed? Reply. SACHIN. April 28, 2018 at 5:02 pm if i invest in LTCG Bond of NHAI or REC what amount i have to invest sale of my house property or only capital gain and next question is the maturity after five years should i use the entire amount as i want to invest it or is Capital Gain Bonds issued under Section 54EC by NHAI or REC is one of the best ways of saving tax on long-term capital gains. The lock-in period of section 54EC Capital Gain Bonds has increased from 3 years to 5 years. Know everything about 54ec bonds at Karvy Corporate.
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Under Section 54 EC of Income Tax, 1961 an investor need not pay any tax on any long-term capital gains arising on sale of any asset, if the amounts of capital gains are invested in certain specified bonds. Click to know more! Several online brokerage firms have slashed the fees to buy bonds. At Fidelity, Schwab, and E-TRADE, you can buy Treasurys online for no commission and most other types of bonds, including agencies and corporate bonds, for $1 per bond. Some brokers charge mark-up fees for bonds. Mark-up fees are added to the price of the bond.
