Capital Gains Exemption Bonds – Magnum Investsmart

Capital Gain Tax Exemption Bonds

Long Term Capital Gains from sale of immovable properties like land and buildings (after a holding period of minimum of 2 years) can be invested under Sec. 54 EC upto Rs. 50 lakh in a Financial Year in the specified bonds issued by the following Public Sector Companies, to save tax on the Capital Gain.

1) Power Finance Corporation Ltd.
2) Rural Electrification Corpn. Ltd.
3) Indian Railway Finance Corpn. Ltd.

The lock-in period is 5 years. The annual interest payable is taxable and it is normally less than the interest rates offered by banks. Tax Deduction at source (TDS) on interest payment is not applicable to Resident investors. NRIs can also avail the tax exemption but TDS will be applicable to them.

For more information, feel free to contact us.

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Magnum InvestSmart Pvt Ltd. was originally founded in the name of Magnum Investments in February, 2002 by Mr. Ramchandran Muthu who is an ex-banker and expert in NRI Investments. Later he converted the business entity into Magnum InvestSmart Pvt. Ltd. in January 2022 and it has become a perpetual organisation. Read More…

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