54 ec bonds applications queries

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2012 A person wishes to invest in 54 EC Bonds to save long term capital gains tax. His queries are:
1) Which company bonds are safer and better- NHAI or REC?
2) If he wishes to invest Rs. 50 lacs, is it advisable to invest Rs. 25 lacs each in NHAI and REC, for safety sake?
3) Can bonds be purchased in demat form even if the individual presently does not have a demat account of his own?
4) Where, in Mumbai, are the bond applications available?
5) What precautions must one take while filling in the bond application forms?
6) Can an individual fill in many bond applications in a financial year or is there a limit in the number of applications one can fill in?
7) What documents are required to be submitted alongwith the application form?

CA Harish Suwalka

CA Harish Suwalka (Expert)
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03 June 2012 1. NHAI (THOUGH IT IS A PERSONAL CHOICE)
2. you can diversify the risk by investing in both, there is no harm !
3. the bonds should be purchased only in the name of the assessee, and can be held in demat form in his a/c
4. contact a security broker
56. the only limit in act is that the total investment in one financial year should not be more than 50 lakhs

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Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2012 Can you advise a security broker in Mumbai? I live in Malad West.

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CA Harish Suwalka

CA Harish Suwalka (Expert)
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04 June 2012 sorry, i m from rajasthan

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Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2012 Jaipur, anyone can be contacted?