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Sec 54 ec

Tax queries 164 views 3 replies
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Student CA Final
35 Points Posted on 05 August 2017

Hi i want to know whether sec 54 ec capital bonds maturity proceeds are taxable or not?

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On 05 August 2017 at 11:18 Report
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P
97 Points Posted on 05 August 2017
it is taxable
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On 05 August 2017 at 11:50
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P
97 Points Posted on 05 August 2017
to claim exemption you have to invest the same within a period of six months in the long term specified asset
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On 05 August 2017 at 11:51
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SEO Sai Gr. Hosp.
211715 Points Posted on 05 August 2017

The maturity proceeds of the 54EC bonds is taxable only over interest part; but principal amount is taxfree.

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On 05 August 2017 at 14:20


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