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
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.?
08 June 2019
You can take the interest out.
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