Category : Financial & Legal Services Posted : 29/01/2014 Price : Free Location : New Delhi(Delhi)
Invest in 54 EC Capital Gain Tax Exemption Bonds; NHAI and REC Tax free capital gain bonds avail tax benefit U/S 54 EC on income tax Act:-
1) Face value: 10,000 per bond
2) Minimum Investment: One Bond of Rs. 10,000/- each
3) Tenor: 3 Years
4) Rate of Interest: 6:00% p.a.
5) Interest Payment: Annual Maximum Investment: 500 Bonds of Rs. 10,000/-each
6) Deemed Date of allotment: Last day of each month in which subscription money is received and credited to issuer account.
7) Section 54 EC: Exemption of long term capital gains if the gain invested in capital gain bonds.
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