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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.
2 days ago · Section 54EC of the Income Tax Act provides an exemption from long-term capital gains (LTCG) arising from the sale of immovable assets, such as land and houses, if the proceeds are invested in the PSUs notified under this section. Currently, bonds of state-run companies like Rural Electrification Corp. Ltd (REC) and Power Finance Corp. (PFC) qualify for these exemptions.
Mar 13, 2020 · Provisions of section 54EC provide exemption towards long term capital gain arisen on the transfer of land or building or both when the amount is invested into the specified bonds. The present article briefly explains the provisions of section 54EC of the Income Tax Act. Page Contents.
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.
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.
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:
2 days ago · Under Section 54EC of the Income Tax Act, long-term capital gains (LTCG) from selling immovable property like land and houses can be exempted if the proceeds are invested in specific public sector undertakings (PSUs) notified under this section. Currently, bonds from state-run companies such as Rural Electrification Corp. Ltd (REC) and Power Finance Corp. (PFC) qualify for this exemption.
