Section 54 ec
This query is : Resolved
27 October 2013
DEAR SIRS,
DEDUCTION U/S 54 EC OF INCOME TAX ACT, IS AVAILABLE IF THE CAPITAL GAIN IS INVESTED IN BONDS ISSUED BY R.E.C AND N.H.A.I WITHIN 6 MONTHS FROM THE DATE OF TRANSFER.
IS IT AVAILABLE NOW OR NOT AS ONE OF MY CLIENT TRANSFER THE PROPERTY WITHIN 2 MONTHS.
DEDUCTION U/S 54 EC OF INCOME TAX ACT, IS AVAILABLE IF THE CAPITAL GAIN IS INVESTED IN BONDS ISSUED BY R.E.C AND N.H.A.I WITHIN 6 MONTHS FROM THE DATE OF TRANSFER.
IS IT AVAILABLE NOW OR NOT AS ONE OF MY CLIENT TRANSFER THE PROPERTY WITHIN 2 MONTHS.
CA Pallav Singhania
(Expert)
27 October 2013
Most of the bank branches sell these bonds. For the respective bond application forms you can download here Application Form: REC – 54EC Capital Gain Bonds and NHAI – 54EC Capital Gain Bonds You can also talk to your local bank branch for the availability of these bonds or alternatively you can find the list of mobilisors & collecting bank branches in REC website.
The prospect and application form for NHAI – 54EC Capital Gain Bonds are available in all the Branches of Union Bank of India/IDBI Bank & Selected branches of Axis Bank, Canara Bank,HDFC Bank,ICICI Bank, Punjab National Bank,State Bank of India & Syndicate Bank.
pls go thru this for the complete details...
https://www.caclubindia.com/forum/54ec-bonds-to-save-long-capital-gains-tax-268813.asp
The prospect and application form for NHAI – 54EC Capital Gain Bonds are available in all the Branches of Union Bank of India/IDBI Bank & Selected branches of Axis Bank, Canara Bank,HDFC Bank,ICICI Bank, Punjab National Bank,State Bank of India & Syndicate Bank.
pls go thru this for the complete details...
https://www.caclubindia.com/forum/54ec-bonds-to-save-long-capital-gains-tax-268813.asp
Nikhil Kaushik
(Expert)
27 October 2013
agreed with the expert.
28 October 2013
The Issue of Bonds of R.E.C and N.H.A.I has been closed.then what should i have to do.
CA Pallav Singhania
(Expert)
28 October 2013
You can opt the benefit of Section 54GB...
No Capital Gains Tax on transfer of residential property if invested in manufacturing small or medium enterprise.
https://www.moneycontrol.com/master_your_money/tax/article.php?autono=690447
No Capital Gains Tax on transfer of residential property if invested in manufacturing small or medium enterprise.
https://www.moneycontrol.com/master_your_money/tax/article.php?autono=690447
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