LTCG is in HUF name...
Can REC bonds be taken in HUF
a/c...
if yes... then nominee to declare whether all co-parceners or a single co-parcener??
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REC bond...nominee
Replies (1)
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HUF Eligibility: HUFs are eligible to invest in 54EC Capital Gains Bonds to save tax on long-term capital gains from land/building sales.
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Ownership: The investment is held in the name of the HUF.
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Nomination: Since an HUF is a perpetual entity, the bond remains an asset of the HUF. Consult with the bond's RTA for the specific nomination procedure applicable to your HUF status.
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