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Capital Gains Bonds are instruments offering you tax exemption for transferring gains of long term capital assets.
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Bonds & Benefits |
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The eligible bonds under Section 54 EC are:
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RECL (Rural Electrification corporation Ltd)
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NHAI (National Highways Authority Of India)
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The features of each of the bonds are mentioned below:
| Bond |
RECL |
NHAI |
| Coupon/Interest rate/Yield |
5.25% |
5.50% |
| Rating |
AAA |
AAA |
| Post Tax Return(30% Tax Slab) |
3.50% |
3.65% |
| Tax Status |
Taxable |
Taxable |
| Tax Benefit |
SEC 54 EC |
SEC 54 EC |
| Minimum (Rs.) |
10,000 |
50,000 |
| Maximum (Rs.) |
50 Lakhs |
No Limit |
| Tenor |
3 Years |
3 Years |
| Interest Date |
N.A. |
N.A. |
| Put/Call/Premature Encashment |
N.A. |
After 3 Years |
| Mode Of Interest |
Annual |
Annual |
| Other Features |
No TDS On payment of interest |
No TDS On payment of interest |
Please contact the nearest branch for more details
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