Section 54 ec
This query is : Resolved
27 October 2013
DEAR SIRS,
DEDUCTION U/S 54 EC OF INCOME TAX ACT, IS AVAILABLE IF THE CAPITAL GAIN IS INVESTED IN BONDS ISSUED BY R.E.C AND N.H.A.I WITHIN 6 MONTHS FROM THE DATE OF TRANSFER.
IS IT AVAILABLE NOW OR NOT AS ONE OF MY CLIENT TRANSFER THE PROPERTY WITHIN 2 MONTHS.
DEDUCTION U/S 54 EC OF INCOME TAX ACT, IS AVAILABLE IF THE CAPITAL GAIN IS INVESTED IN BONDS ISSUED BY R.E.C AND N.H.A.I WITHIN 6 MONTHS FROM THE DATE OF TRANSFER.
IS IT AVAILABLE NOW OR NOT AS ONE OF MY CLIENT TRANSFER THE PROPERTY WITHIN 2 MONTHS.
27 October 2013
Most of the bank branches sell these bonds. For the respective bond application forms you can download here Application Form: REC – 54EC Capital Gain Bonds and NHAI – 54EC Capital Gain Bonds You can also talk to your local bank branch for the availability of these bonds or alternatively you can find the list of mobilisors & collecting bank branches in REC website.
The prospect and application form for NHAI – 54EC Capital Gain Bonds are available in all the Branches of Union Bank of India/IDBI Bank & Selected branches of Axis Bank, Canara Bank,HDFC Bank,ICICI Bank, Punjab National Bank,State Bank of India & Syndicate Bank.
pls go thru this for the complete details...
https://www.caclubindia.com/forum/54ec-bonds-to-save-long-capital-gains-tax-268813.asp
The prospect and application form for NHAI – 54EC Capital Gain Bonds are available in all the Branches of Union Bank of India/IDBI Bank & Selected branches of Axis Bank, Canara Bank,HDFC Bank,ICICI Bank, Punjab National Bank,State Bank of India & Syndicate Bank.
pls go thru this for the complete details...
https://www.caclubindia.com/forum/54ec-bonds-to-save-long-capital-gains-tax-268813.asp
27 October 2013
agreed with the expert.
28 October 2013
The Issue of Bonds of R.E.C and N.H.A.I has been closed.then what should i have to do.
28 October 2013
You can opt the benefit of Section 54GB...
No Capital Gains Tax on transfer of residential property if invested in manufacturing small or medium enterprise.
http://www.moneycontrol.com/master_your_money/tax/article.php?autono=690447
No Capital Gains Tax on transfer of residential property if invested in manufacturing small or medium enterprise.
http://www.moneycontrol.com/master_your_money/tax/article.php?autono=690447
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- GST REFUND ON EXPORT EXPENSES OF EXEMPTED GOODS
- GSTR9 and 9c
- Ineligible ITC taken
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
