Search results
1 day ago · Section 54EC. When a taxpayer sells long-term immovable property (land or building or both), they have the option to avail capital gain exemption under Section 54EC by investing in certain bonds.
Oct 10, 2020 · The provisions of section 54EC are explained herein below . 1. All categories of persons are eligible to avail exemption benefit under section 54EC of the Income Tax Act. 2. Section 54EC exemption is available only towards the capital gain arisen on account of transfer of long term capital asset (being land or building or both). 3.
Apr 25, 2024 · Explore Section 54EC and how it offers deductions on Long-Term Capital Gains (LTCG) through Capital Gain Bonds. Learn how to save on taxes while investing in these bonds for a secure financial future.
Oct 26, 2020 · Provisions under section 54EC provide exemption capital gain arisen on transfer of Long Term Capital Assets (whether land or building or both) when the amount is invested in specified bonds. This article discusses provisions of Sec 54EC of the Income Tax Act.
Jun 18, 2024 · These bonds are named after Section 54EC of the Income Tax Act, 1961, it allows investors to save tax on long term capital gains, which comes from the sale and transfer of immovable assets like land and building, by investing the gains in these bonds.
Nov 24, 2023 · Explore Section 54EC under Income Tax Act, allowing exemption from long-term capital gains when investing in specified bonds. Conditions and benefits explained.
Jan 4, 2024 · Section 54EC of the Income Tax Act provides individuals with an opportunity to save on capital gains tax by investing in specified bonds. These bonds, also known as "54EC bonds," are issued by government-approved entities and are not available on stock exchange.
Feb 27, 2024 · Section 54EC is a capital gain exemption under the Income Tax Act to the taxpayer who is selling their long-term capital asset like land, building, or both. They can invest the capital gain amount into the specific bonds issued by the Govt. of India and can save the tax. The bonds specified by the Govt. of India are:
Aug 11, 2023 · Under Section 54EC of the Income Tax Act, a capital gains bond serves as a financial instrument that offers individuals a tax-saving advantage on their long-term capital gains. When an individual sells assets like land, buildings, or other capital properties, they are liable to pay taxes on the gains realized from the sale.
1. Who can apply (Eligibility to invest) in PFC’sCapital Gain Bonds? Following are eligible for issuance of PFC’s Capital Gain Bonds . i. Individuals ii. Hindu Undivided Families (HUF) iii. Partnership firm iv. Insurance Companies v. Companies and Body Corporates vi. Provident Funds, Superannuation Funds and Gratuity Funds vii. Banks viii.
