54 ec rec bonds capital gain exemption
This query is : Resolved
08 June 2019
Hi,
Recently I sold one agricultural land at my home town. I want to invest that money in 54EC REC Bonds. I came to know that the locking period is 5 years and rate of interest is 5.75%. Can I take out the interest every year is possible OR Not.
Is there any locking period for interest?
I want to take interest every year. Please answer my question.
Thanks
Srinivas
Recently I sold one agricultural land at my home town. I want to invest that money in 54EC REC Bonds. I came to know that the locking period is 5 years and rate of interest is 5.75%. Can I take out the interest every year is possible OR Not.
Is there any locking period for interest?
I want to take interest every year. Please answer my question.
Thanks
Srinivas
CA R SEETHARAMAN
(Expert)
08 June 2019
Interest payable annually......................
08 June 2019
Is it possible to take that interest out and use or just it’s annually payable added to capital.?
CA R SEETHARAMAN
(Expert)
08 June 2019
You can take the interest out.
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