This blog has been shifted to this link.

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or any loan or advance can be on security of such bond with 3 years from date of acquisition else, the benefit would be withdrawn 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

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 cleared & credit in REC collection a/cLast day of each month for 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
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

Kindly Bookmark this Post using your favorite Bookmarking service:
Technorati Digg This Stumble Stumble Facebook Twitter


Post a Comment


About Me

My Photo
Rajendra Todkar
View my complete profile

Recent Posts

Recent Comments

| Pune Invest © 2009. All Rights Reserved | Template Style by My Blogger Tricks .com | Design by Brian Gardner | Back To Top |