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54EC Capital Gain Bonds are a type of financial instrument issued by specified institutions in India. These bonds provide a tax-saving option for those who have incurred long-term capital gains from the sale / transfer of long-term capital assets being land, building or both.
Jul 3, 2024 · Section 54EC bonds, also known as Capital gain bonds are fixed income instruments which provide capital gains tax exemption under section 54EC to the investors. To be eligible for exemption under Section 54EC, the taxpayer must meet the following conditions:
54EC bonds, or capital gains bonds, are one of the best way to save long-term capital gain tax. 54EC bonds are specifically meant for investors earning long-term capital gains and would like tax exemption on these gains.
Jun 18, 2024 · Tax exemption on capital gains: The most significant pull factor of 54EC bonds is the tax exemption available for long-term capital gains. Under this, the exemption will be granted if you have sold a long-term capital asset and reinvested the capital gains into these bonds within six months of selling the asset.
Apr 1, 2022 · HDFC Bank provides Capital Gains Bonds under Section 54EC of the Income Tax Act, 1961. Get tax exemption on capital gain. Apply Online.
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.
Investors can benefit from tax exemption on capital gains under Section 54EC of the Income Tax Act 1961 by investing in 54EC capital gain bonds . These bonds offer savings on long-term capital gains from selling property if the investment is made within six months of the sale.
