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Under Section 54EC of the Income Tax Act of 1961, investors in 54 EC Capital Gain Bonds are free from capital gains tax. If these bonds are purchased within six months of the sale of real estate, the long-term capital gain that results from the sale of the property can be avoided. The annual interest rate on 54EC bonds is 5.00% and the maximum amount that can be invested in them in a fiscal year is Rs. 50,000. These bonds' interest income is taxable under the tax code. There are neither interest- or repayment-related hazards because they are guaranteed by the Indian government.
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CAPITAL GAIN BONDS 54EC 54 EC Capital Gain Bonds provide capital gain tax exemption to the investors, under section 54EC of the Income Tax Act 1961.
ABOUT OUR COMPANY Capital Gain Bonds To avail the tax exemption over capital gain. 54EC bonds offer a 5% rate of interest payable annually 54EC bonds come with a lock-in period of 5 years (effective from April 2018). The 54EC bonds cannot be transferred from one person to another at any point in time. RR is one of India's largest independent unbiased financial and insurance players. RR is a fully integrated and professionally managed business with the widest product range.
KEY FEATURES Rate of interest: 54EC bonds offer 5% rate of interest payable annually Investment amount: the amount of 1 bond is 10,000/- and for PFC, IRFC, and REC the minimum number of bonds should be 2 is 20,000/- for each and the maximum investment in 54EC bonds is 500 bonds amounting to Rs 50 lakhs in a financial year. 54 EC Capital Gain Bonds provide capital gain tax exemption to the investors, under section 54EC of the Income Tax Act 1961. The long- term capital gain that arises from the sale of immovable property can be saved by investing in these Bonds within 6 months of the sale. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt. Tenure: 54EC bonds come with a lock-in period of 5 years (effective from April 2018). Transferability: The 54EC bonds cannot be transferred from one person to another at any point in time. Tax applicable on interest: No TDS is deducted for a resident individual however TDS will be deducted for NRIs. Interest is taxable as per the investor income slab for all investors.
REQUIRED DOCUMENTS 1 2 3 Process Process Process Self-attested copy of PAN Card (in case of Joint application, self- attested PAN copy of all the applicants) OR Form 60 (in case the investor does not have PAN). Canceled Cheque leaf for payment of interest/redemption through NEFT/RTGS facility. Other documents, as applicable, on the website.
CONTACT US 9350316010 www.rrfinance.in digi.marketing@rrfcl.com
