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Rural electrification bonds

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(Querist)
25 July 2009 Hello,

I want to know that for claiming deductin u/s 54EC what is the minimum amount required to be invested in RECBonds?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 July 2009 Minimum Rs.10,000/- and maximum Rs.50,00,000/- This is the limits of the Bond. If you are asking how much amount should be deposited for 54 EC benefit, the amount of capital gains is to be invested in REC bonds for getting full benefit of exemption.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
26 July 2009 agree
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