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Friday, April 13, 2012

Invest in Capital Gain Bonds (54EC) REC & NHAI



Capital Gain Bonds are instruments offering you tax exemption for transferring gains of long term capital assets. 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 54 EC of the Act if ;

  • The entire capital gain relized is invested within 6 months of the date of transfer in eligible bonds
  • Such Investment is held for 3 years
  • To avail of capital gain exemption, the bonds so acquired cannot be transferred converted into money or any loan or advance can be on security of such bond with 3 years from date of acquisition else, the benefit would be withdrawn 
  • If the amount invested  in bonds is less than the capital gains realized, only proportionate capital gains would be exempt from tax.
  • Capital Gain Bond limit 50 lakh.
Details about REC & NHAI issue Capital Gain Bonds 2012-13




RECNHAI
Face Value10000
Issue Price10000
Minimum Application SizeOne Bond of Rs. 10000
Maximum Application size500 Bond or 50 lakh
Mode of subscription100% on application
Deemed Date of AllotmentLast day of each month for appl.money cleared & credit in REC collection a/cLast day of each month for appl.money cleared & credit in NHAI collection a/c
Coupon Rate 6%
Payment of InterestPayble annually  on 30th June
Tenor 3 years
Maturity3 years from Deemed Date of  allotment ,
Date of ClosureUpto 31 Mar 13 . The corporation would have right to close the issue any time by giving prior notice
RatingAAA CRISIL AAA CRISIL
TDSNon TDS from domestic Investor






Who can Apply

 Individuals , HUF , Partnership Firm, other eligible firms

Document to be provided by all investor
1. Self attested copy of PAN Card (In case of joint application, self attested PAN copy of all applicants)
2. Address Proof
3. Cancelled Cheque


Pune Investor Call for Investment : Rajendra 8007750904

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