What is the Lock-in Period for IRFC-REC-PFC Capital Gain Bonds?

The lock-in period for IRFC-REC-PFC Capital Gain Bonds (54EC Bonds) was 5 years from the deemed date of allotment. Once an investor purchases these bonds and the amount is paid, the application cannot be withdrawn before the completion of the lock-in period. It’s important that during the lock-in period, the IRFC-REC-PFC Capital Gain Bonds are […]

Which bonds are valid under Section 54EC?

Under Section 54EC of the Income Tax Act, there are four specific types of bonds that are eligible for investment to avail the capital gains exemption: 1. NHAI (National Highway Authority of India) 54EC NHAI Capital Gain Bond (currently closed) 2. REC (Rural Electrification Corporation) 54EC REC Capital Gain Bond 3. IRFC (Indian Railways Finance […]

Why do you invest in IRFC-REC-PFC Capital Gain Bonds or 54EC IRFC-REC-PFC Capital Gain Bonds? What are the tax advantages of investing in IRFC-REC-PFC Capital Gain Bonds?

One of the main reasons investors also choose REC-IRFC-PFC Capital Gain Bonds is to avail themselves of the capital gains exemption under Section 54EC of the Income Tax Act, 1961. This section also allows individuals to claim exemption from capital gains tax if the proceeds from the sale of a long-term capital asset (such as […]

Are HDFC GOI RBI floating rate savings bonds 2020 taxable?

HDFC GOI RBI Floating Rate Savings Bonds 2020 (Taxable) are issued by the Reserve Bank of India (RBI) on behalf of the Government of India. These bonds carry a sovereign guarantee, which means that the repayment of the principal amount and the interest is fully backed by the Indian government. Similarly, National Savings Certificates (NSC) […]

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