54ec bond
parag (individual) (70 Points)
27 August 2016parag (individual) (70 Points)
27 August 2016
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 27 August 2016
Lock in period – 3 years
If such bonds is transferred or redeemed within 3 years of its purchase, the amount of capital gains exempt earlier is taxable under the head “Capital Gains” as long term capital gain in the year of transfer or redemption of such bonds.
So within 3 Years you are not able to redemed this bond
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)