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5 days 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 · Section 54EC of the Income Tax Act provides a tax-saving opportunity for individuals selling long-term immovable property. Investors can enjoy tax exemptions by investing in specified capital gains bonds like those issued by REC, NHAI, PFC, or IRFC.
Oct 26, 2020 · Sec-54 EC – Exemption on Long Term Capital Gain on investment of Specified Bond. 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.
19 hours ago · Section 54EC of Income Tax Act - Know Complete Information on capital gain bonds by IRFC, NHAI, PFC, & REC. Also, Know Exemption Under Section 54EC.
Section 54EC of the Income Tax Act allows individuals to reduce tax liability by claiming tax exemptions on the Long-Term Capital Gains by investing the profits arising from a sale of a long-term capital asset on specific capital gain bonds.
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.
