Capital Gain be
saved Under Sec 54EC or
Sec 54F, if the land or
property sold is non
agriculture. We deal in
such bonds which qualify
for Sec 54EC Bonds.
- Tax can be saved
under Section 54 EC
by investing in
bonds
- Tax can be saved
under Section 54 F
by investment in New
residential house
To claim Section
54 EC following
conditions is to be
satisfied.
- Long Term Capital
Asset Long term
assets means any
capital asset held
by assessed for more
than 3 Years.
- If assessed has
sold the Long term
capital asset during
the previous year
and made a long term
capital gain then he
can invest money of
capital gain in
Capital gain bonds
and can save tax on
long term capital
gain.
- Assessed here
means all type of
assesses, like
individual, firm
company etc.
- Amount to be
invested in bonds is
only capital gain
not net
consideration
received on sale of
long term capital
asset
- Amount exempted
under this section
will be amount of
capital gain or
amount invested in
capital gain bond
which ever is lower
maximum up to
50Lakh(see note
below)
- These Bonds
Maturity Period is
Three years
- Capital gain bonds
eligible under this
section are now can
be issued only by
REC or NABARD
- Bonds can not be
pledged ,sold
transfer before
completion of three
year from purchase
of bonds ,and in
case its transferred
then amount capital
gain exempted on
investment in these
bonds will be made
taxable in that
previous year as
Long term capital
gain .
- Amount of capital
gain should be
invested in Capital
gain bond within 6
Month from date of
transfer/sale of
capital asset .
One more good news for
you that 50 lakh Limit
is for each financial
year .As your six month
limit is fall in two
different Financial
years so you can save 50
lakh in fy 2008-09 and
50 lakh in 2009-10.so
one can save up to
maximum of one crore of
capital gain u/s 54EC.
