CAPITAL GAIN TAX EXEMPTION BONDS:-(U/S 54EC):- FY2018 - 2019

Features

( Avail Tax benefit U/s 54EC of Income tax Act)

Capital Gain Bonds are being issued as 'Long term specified assets' within the meaning of Sub-Section 54-EC of the Income Tax Act, 1961. Those desirous of availing exemption from capital gains tax under Section 54 EC may invest in these bonds. Capital Gains arising from transfer of Long-term capital assets can be invested in these bonds within a period of six months from the date of transfer of the asset for getting exemption from the capital gains tax.

Reliance IRFC(Indian Railway Finance Corporation Ltd.) Series II PFC (Power Finance Corporation Ltd) Series II REC (Rural Electrification Corporation Ltd) Series XII NHAI (National Highways Authority Of India) Series XIX
Rating "AAA/Stable" by CRISIL, "AAA"by ICRA, &'AAA' by CARE "AAA/Stable" by CRISIL, "AAA"by ICRA, &'AAA' by CARE "CARE AAA,CRISIL AAA,IND AAA" "CRISIL
AAA/Stable" by CRISIL
Coupon / Interest Rate/Yield 5.75% p.a. 5.75% p.a. 5.75% p.a. 5.75% p.a.
Tax Status Taxable Taxable Taxable Taxable
Tax Benefit SEC 54 EC SEC 54 EC SEC 54 EC SEC 54 EC
Minimum (Rs.) 20,000 20,000 20,000 20,000
Maximum (Rs.) 50 Lacs 50 Lacs 50 Lacs 50 Lacs
Tenure 5 Years 5 Years 5 Years 5 Years
Mode of Interest Annual Annual Annual Annual

Provisions of Section 54EC

As per provisions of Income Tax Act, 1961, any long term capital gains arising from transfer of any capital asset would be exempt from tax under section 54EC of the Act if:

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