Hello,
What will be the tax treatment of bonds purchased under 54EC if sold after lock-in period of 5 years?
2 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 22 August 2019
they will be tax free. no tax liability on redemption after lick in period. only interest rec'd on these bonds is taxable as IFOS each year
Kapadia Pravin
(17259 Points)
Replied 22 August 2019
It is not sold but it is matured after 5 years. it's your own money you are receiving back so no tax on it.
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