Please guide
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 November 2012
If I invest in specified bonds under section 54EC, what is their period of retention, interest and liquidity?
What tax do I pay, on the interest only or on the capital/principal? If I decide to cash these, do I pay any other tax on the invested amount?
If I invest in specified bonds under section 54EC, what is their period of retention, interest and liquidity?
What tax do I pay, on the interest only or on the capital/principal? If I decide to cash these, do I pay any other tax on the invested amount?
05 November 2012
1. 3 years lock in period.
2. 6% coupen rate.
3. Interest is taxable but TDS wont be deducted.
2. 6% coupen rate.
3. Interest is taxable but TDS wont be deducted.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
