investments for ltcg tax

S.SAMBATHU (RETIRED) (98 Points)

30 December 2018

I have to invest in NHAI OR REC bonds to claim exemption from LTCG tax..Since I am 69 years old ,can I invest in joint names with my daughter's,wife

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185411 Points)
Replied 30 December 2018

Yes, First holder should be yourself, & investment should be from your account.

manoj (student) (5205 Points)
Replied 30 December 2018

Sir One of my friends father invested in NHAI bonds some days ago.i.e. in oct 18 he expired now in Dec 18 what to do plz tell

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185411 Points)
Replied 30 December 2018

If ready to pay CG tax, ask for redemption; otherwise intimate the authority to change the certificate in nominee's favor.

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