Capital Gain Bonds (54EC)
Capital Gain Bonds (54 EC) :- According to Section 54 EC of IT Act, any person (Individual, HUFs, Partnership Firms, Companies etc) can avail exemption in respect of long term Capital gains (arising from the sale of land or property) , if the capital gain is invested in Capital Gain Bond. The exemption will be the amount of Capital Gain or the amount of investment made, whichever is less and has to be availed within six months of the sale of land / property.
Features
- Interest rate : 5.25% per annum
- Lock-in-period of 5 years
- Maximum investment limit of up to Rs. 50 Lakhs in a year across the three issuers for claiming 54EC benefit.
Issuers for Capital Gain Bonds
HUDCO (Housing and Urban Development Corporation Limited)
IRFC (Indian Railway Finance Corporation Ltd)
PFC (Power Finance Corporation Ltd)
REC (Rural Electrification Corporation Ltd)
Disclaimer - StockHolding acts as facilitator between the investor and issuer for accepting deposit. Investor are requested to do own due diligence on the mentioned Deposit before investing in any of them .Please note that StockHolding nor its employees, Directors, Agent, Subject endorse or certify the information provided by the issuer company and hence is not liable(legally or otherwise)under any circumstances for the information provided.
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