Capital gain tax (E.g.capital gain due to sale of properties) can be saved by investments in the 54EC Capital Gain Tax Exemption bonds.
Certain entities like REC / NHAI can issue Capital Gain Tax Exemption bonds.
Every year a new issue is launched by these companies & highlights of the REC 54 EC Series IX for 2013-2014 are as follows:
- Change of forms:To distinguish new forms from old forms REC will print new Green coloured forms & need to be used for this series.Old forms will not be applicable.
- Issue Registrar:Link Intime India Pvt Limited will be the registrar of REC 54EC bonds for year 2013-2014.
- Face value: Rs.10,000/-.
- Min Application size : One bond.
- Max Application:500 Bonds.
- Interest Rate: Interest rate have kept same to last year @6% payable annually.
- Interest Payable date : June 30 of each year.
- Tenure of bonds: 03 Years from date of allotment.
- Deemed date of allotment:Last date of month in which money is credited in REC account.
- These bonds are non transferable & can not be offered as security against any loans.
These bonds are offered by GOI companies & of course credit rating is AAA which means the highest safety.This issue will applicable from 01/04/2013 – 31/03/2014.
