54EC Capital Gain Bonds - Business & Economy - Investment - TIK Share

54EC Capital Gain Bonds


Vedanta Deshika

2014-02-22

What are the salient features of these bonds ?

1. Only Long term capital gains are exempted 

2. Lock-in Period is 3 years 

3. REC & NHAI issue these capital gain bonds

4. Interest @ 6% pa paid annually

5. Interest from the bonds is taxable however no TDS is deducted

6. Max amount of Investment - Rs 50 Lakhs

7. These Bonds are non-transferable, non-negotiable

8. These bonds cannot be given as security for any loan or advance

 

Rahul Rai

2014-02-22

Should these bonds be bought before due date or withing previous year?

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Vedanta Deshika

2014-03-11

BUy these bonds within 6 months from the date of transfer of capital assets

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