I have invested in PFC Bond under Section 54EC of Capital Gain Exemption in Sept 2022. Now I want to withdraw the same. Can I Do that and What is Procedure?
I'm aware that my Capital Gain Exempted will be taxed accordingly.
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PFC Bond 54EC
Replies (5)
Quick Summary
Get NOC from your jurisdictional ITO, by paying LTCG tax as per his advice. Based on NOC the bonds can be surrender back.
Thank you sir....
Can you provide me reference of relevant section or Provisions on the basis of which I can approach concerned AO.
Check the term & conditions on the back of the bond certificate...
Or contact PFC bond helpline...
Sir, received this communication from PFC.
Dear sir
As per 54EC act, redemption before maturity date is not possible. It is requested to hold the bonds till maturity.
54EC Investorcell
PFC has no right to mature the bond before 5 years, unless ITO directs it to do the same. That is why I, initially stated to get permission from Jurisdictional ITO.
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