Reuters invest in 54 ec bonds to get exemption from tax on ltcg 1 min read. National highways authority of india nhai has launched series xxi of capital gain bonds us 54ec of income tax act, 1961 on 1st april 2020. Hdfc bank provides capital gains bonds under section 54ec of the income tax act, 1961. Forms must be accompanied by either a cheque or a demand draft, drawn in favour of national highways authority of india and crossed account payee only. Oct 23, 20 for the respective bond application forms you can download here application form. If you have sold a house during the financial year 201718, which you have held for more than two years, then the gains arising.
The capital gains 54ec bonds eligible for tax deductions can be issued only by rec rural electrification corporation ltd, pfc power finance corporation ltd and nhai national highways authority of india. Nhai bonds division or lateshort credit of application money. Nhai capital gains bonds section 54 ec application form. Rec 54ec capital gains tax exemption bonds series xiv. Payment received from the investors, between 1st to 15th every month, the allotment will be done on 30th 31st of every month and bonds will be crediteddispatch within a weeks time, from the date of allotment. Rural electrification corporation limited 54ec bonds application number. Irfc 54ec capital gain bonds application form series iv. Longterm capital gains are the profit that a person makes when he sells any capital asset wef a. Nhai 54ec capital gain bonds invest ltcg to save tax. As per the companys internal procedureprocess, the allotment of bonds will be done on the following lines. National highway authority of indianhai capital gain bond.
Pay long term capital gains tax or buy sec 54ec nhairec bonds. A blank space must be left between two or more parts of the name. Currently, as per section 54ec of the incometax act, exemption from longterm capital gains tax are available if. Please click ok to continue to the link or cancel to return to the previous page. National highways authority of india an autonomous body. The national highways authority of india was investor are required to submit the application form duly 54 ec capital gain bond. Proterminal invest in ideas voice enabled investing.
Buy capital gain bonds online india download bond application. Jul 28, 2019 so you need to pay capital gain tax on 50% of the 70 lakhs, i. Corporate open nps account individual further contribution nps form centre nps assistance withdrawal and maturity loan. Private placement of secured, nonconvertible, noncumulative, redeemable, taxable bonds in the nature of debentures of rs. Tax deduction is available under section 54ec of the income tax act. To download the rec 54ec bond application form, click hereclick here. The national highways authority of india was constituted by an act of parliament, the national highways authority of india act, 1988. Tax provisions and other features of nhai bonds with benefits.
In order to download form, click on the links below. Pay long term capital gains tax or buy sec 54ec nhairec. Launch of national highway authority of india nhai tax free bonds. Tax benefit under section 54ec on long term capital gain. Rs 20,000 or 2 bonds rs 10,000 or 1 bond investment maximum. Click here to know more about capital gain bonds in india.
It is possible by investing the capital gain amount in specific bonds, also called as capital gains bonds. The issue of series xxi nhai 54ec bonds will remain open till 31st march 2021 or earlier at discretion of nhai. Power finance corporation of india pfc pfc 54ec capital gain bonds series iv. If you are planning to invest any longterm capital gains from sale of house property, land, building, jewellery etc. Invest in 54 ec bonds to get exemption from tax on ltcg. National highways authority of india 54ec capital gain bonds seriesxx highest credit rating i. For the respective bond application forms you can download here application form. These bonds are classified as longterm specified asset and are issued by rec, nhai, pfc and irfc.
Capital bonds are being issued as long term specified assets within the meaning of sub section 54 ec of the income tax act, 1961. The benefit under section 54ec can be availed of only if there is an income from a capital asset, being longterm in nature. Lock money into 54ec bonds for 2 more years to escape ltcg tax exemption from ltcg tax are available if the gains are invested in the specified asset of the section within six month of the date of sale under section 54ec. In other words, if you are in the 30% tax bracket, you will get an effective interest rate of 3. Capital gains bond section 54ec hrp wealth creators. Issue highlights of nhai capital gain tax exemption bonds series xvii fy 201617 issue nhai capital gains tax exemption bonds series xvii credit rating crisil aaastable by crisil ltd face value rs. Seriesxii 201819 tutorial video on how to fill 54ec cgte application form application form 54ec capital gain bonds series xiii. Here download application form to invest under nhai 54ec capital gain bonds. However, provision inserted under subsection 1 of section 54ec by the finance no. Las home loan auto personal education trading platform.
National highways authority of india nhai 54ec capital gain bonds series xxi, click here. It is responsible for the development, maintenance and management of national highways entrusted to it and for matters connected or incidental thereto. Thispagedoesnotcontainicon sec54 ec capital gains bonds you are about to leave the hdfc bank website and go to an external link. Rec limited funds their business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings and provides financial assistance to the power sector in all segments i. I also read through the 54ec application form for required details.
Corporate open nps account individual further contribution nps form centre nps assistance. National highways authority of india 54ec capital gain bonds seriesxxi highest credit rating i. Apr 23, 2012 download prospectus to invest under nhai 54ec capital gain bonds. Avail the opportunity to invest in 54ec bonds to gain tax deductions. Notice for change of registrar and transfer agent w. Apr 17, 2015 capital gain bonds issued under section 54ec by nhai or rec is one of the best ways of saving tax on longterm capital gains. Rec 54ec capital gain bonds and nhai 54ec capital gain bonds. Avail tax benefits on your long term capital by investing in capital gains bonds with kotak securities. National highways authority of india nhai details of 54 ec capital gains bonds of nhai for the year 201819 security name nhai capital gain tax exemption bonds series xix credit rating highest credit rating i.
Income tax has to be paid on the interest accrued, however, as per the tax slab of the individual. Capital bonds are being issued as long term specified assets within the meaning of sub section 54ec of the income tax act, 1961. National highways authority of india nhai 54ec capital. One question i was not clear on was what document should i produce to the buyer to evidence that i will be investing the ltcg proceeds into nhai rec bonds within 6 months. Dec 01, 2016 national highways authority of india nhai has been issuing long term capital gain tax exemption bonds us 54ec of income tax act 1961.
In addition to that, the budget has also proposed to restrict the definition of capital asset to only land and building under the said section. Nhai capital gain bonds application form download porcupine. Nhai shall not be responsible for any consequences including denial of any benefit us 54 ec of the income tax act, 1961 that may arise on account of multiple applications being made by the applicant either singly or along with other joint holders such that the investments in the 54 ec bonds during the fy 201112 exceed rs. Welcome to investor services for irfc capital gain tax exemption bonds series iv private placement of secured, nonconvertible, noncumulative, redeemable, taxable bonds in the nature of debentures of rs. Please note that as per the sebi regulation, bidding placing order on exchange system is mandatory. Tax provisions and other features of nhai bonds with. The lockin period of section 54ec capital gain bonds has increased from 3 years to 5 years. Nhai tax free bond application form download link december 27, 2011 at 1. National highways authority of india 54ec capital gain bonds seriesxx. Capital gain bonds issued under section 54ec by nhai or rec is one of the best ways of saving tax on longterm capital gains.
Rural electrification corporation limited rec 54ec cgte bonds series. National highways authority of india nhai has been issuing long term capital gain tax exemption bonds us 54ec of income tax act 1961. With the 5year tenure, is 54ec bonds a good option to. Y 201920, the said long term capital asset shall be land or building or both which he has held for a period exceeding 24 months. If you have sold a residential house, you can reinvest the proceeds of your sale in another house under section 54. Issue nhai capital gains tax exemption bonds series xvii. In accordance with section 54 ec of the income tax act, 1961, all categories of tax payers would be eligible to save tax in respect of long term capital gains by making investments in certain bonds prescribed. We will bring you the latest updates on the same as they happen. Section 54ec bonds currently carry an interest rate of 5. Application form must be filled in block letters in english. These bond have tenor of 5 years and the rate of interest for the bonds is 5. Nhai assumes no responsibility for any applications cheques demand drafts lost in mail or lateshort credit of application money.
Rec limited formerly rural electrification corporation limited is a navratna company under the administrative control of the ministry of power. The bank branches will allot the required application form number and will accept the application. Know everything about 54ec bonds at karvy corporate. National highway authority of india nhai, download. The applicable rate of interest for bond series has been amended w. Download forms rural electrification corporation limited. National highway authority of india nhai download nhai 54 ec capital gain bonds series xxi. We would like to show you a description here but the site wont allow us. Please submit your application to the nearest branch for bidding. Aug 31, 2018 the assesse should within a period of 6 months from the date of transfer invest the gains in long term specified bonds as issued by nhai and rec and notified by the central govt bond issued by power finance corpindian railway finace corp. Want to invest in ncdbondsmutual fundsipo etc but dont have a trading account with us. Download prospectus to invest under nhai 54ec capital gain bonds. Nhai capital gains bonds section 54 ec download application form pune nhai capital gains bonds section 54 ec application form save capital gains tax on long term capital gain by investing in nhais capital gain bonds. This benefit is available under section 54ec of the.
You can download various forms details pertaining to bonds as mentioned below. The bonds that are specified under section 54ec are issued by the nhai and rec. Capital gain bonds invest now in 54ec bonds at karvy value. Provided further that the investment made by an assessee in the long. Details of 54 ec capital gains bonds of nhai for the year 201920 credit rating highest credit rating i. Issue details of national highways authority of indias nhai capital gains bonds us 54 ec of the income. Nhai bonds series xiv section 54 ec of it act, 1961 term sheet. Irfc capital gain bond, irfc 54ec capital gain bonds application form series iv, download, na.