PLS. GIVE ME THE DETAILS OF U/S 54EC OF THE INCOME TAX ACT.
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Query about U/S 54EC
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you can invest in NHAI Bonds or REC Bonds int rate is 5.6% simple interest you can ivest upto 50 lakhs only within 6 months of sale these investment in bond cannot be done online you have to apply in physcial forms only
IS U/S 54EC OF THE INCOME TAX ACT IS TAX FREE?
into on Bond is taxable under other sources
Interest in those bonds are taxable the capital gain invested in these bonds is tax free
Current interest rate for NHAI bond is 5.25% p.a. This interest is taxable.
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