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| We offer Capital Gains Bond under Section
54EC of the Income Tax Act, 1961. These bonds are being issued
as 'Long term specified assets' within the meaning of Explanation
(b) to sub-section (3) of Section 54-EC of the Income Tax Act,
1961. Those desirous of availing exemption from capital gains
tax under Section 54 EC may invest in these bonds. Capital
gains arising from transfer of Long-term capital assets can
be invested in these bonds within a period of six months from
the date of transfer of the asset for getting exemption from
the capital gains tax. Such Bonds are issued by SIDB, NHB,
NHAI and REC.
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| Key Features |
- Minimum investment of Rs10,000 and in multiples of Rs10,000
thereafter
- Structure-I Tenure is 3 years. Interest Payment : Annual
or Cumulative
- Structure-II Tenure of Five years with Put or Call option
at the end of 3 years
- Structure-III Tenure of Seven years with Put or Call
option at the end of 5 years
- Interest Payment: Semi Annual,Annual or Cumulative
- Lock-in-period of 3 years for all the structures
- No TDS on Interest payable for Resident Investors
- 'CARE AAA' rating from CARE
- Half yearly interest payable on 1 June and 1 December
each year
- Annual Interest payable on 1 June every year
- Rate of Interest: Due to frequent change in the rate
of interest, investors are requested to check the same
before investing
- NRIs, OCBs or FIIs are eligible to invest on non-repatriation
basis
- The issue is available on-tap
- Registrars of the issue are Datamatics Financial Software
and Services Ltd.
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