SAVE TAX ON CAPITAL GAINS - Invest in 54EC Bonds
Investors who earned long-term capital gains during the financial year from the sale of land or building or both are eligible to get exemption under section 54EC of the income tax act.
Investors who earned long-term capital gains during the financial year from the sale of land or building or both are eligible to get exemption under section 54EC of the income tax act.
Investors can avail of the exemption by investing in bonds issued by PFC (Power Finance Corporation Ltd), REC (Rural Electrification Corporation Ltd), Indian Railway Finance Corporation (IRFC) and NHAI (National Highways Authority of India).
The investment should be made within a period of 6 months from the date of sale of these specified assets to get exemption under section 54EC of the income tax act.
Salient features:
Allows to save tax on Long term capital gains and provides fixed interest income.
Salient features:
Allows to save tax on Long term capital gains and provides fixed interest income.
The assured interest of 5% per annum is payable annually.
No TDS on interest payments & Interest is taxed as per individual slab rates.
Highest credit ratings of “AAA” from CRISIL, ICRA, IRRPL and CARE.
Issued by Public sector units.
No TDS on interest payments & Interest is taxed as per individual slab rates.
Highest credit ratings of “AAA” from CRISIL, ICRA, IRRPL and CARE.
Issued by Public sector units.
Backed by the government.
Can be held in either physical or Demat mode.
Non-transferable and non-negotiable bonds.
To Apply: DM with your requirements/questions.
Can be held in either physical or Demat mode.
Non-transferable and non-negotiable bonds.
To Apply: DM with your requirements/questions.
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