Tag Archives: Section 54EC

Scope of long term bonds u/s 54EC Income Tax extended from AY 2018-19

By | February 21, 2018

CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 31. Expanding the scope of long term bonds under 54EC. 31.1 Section 54EC of the Income-tax Act provides that capital gain to the extent of Rs. 50 lakhs arising from the transfer of a long term capital asset shall be exempt if the assessee invests the whole or any part of… Read More »

Bonds issued by PFC Ltd eligible for Income Tax Section 54EC Exemption

By | June 12, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th June, 2017 INCOME-TAX S.O. 1818(E).—In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any bond redeemable after three years and issued… Read More »

Interest on 54EC Capital Gain Tax Exemption Bonds reduced

By | November 30, 2016

Reduction in Coupon Rate on 54 EC Bonds from 6% P.A. to 5.25% P.A.   National Highways Authority of India (NHAI) has been issuing long term Capital Gain Tax Exemption Bonds u/s 54EC of Income Tax Act 1961. The applicable rate of interest for bond series has been amended w.e.f 1stDecember, 2016 as detailed below:… Read More »