REC Bonds Issued. Hurry Up!

June 5, 2008 by taxworry · Leave a Comment

We want to invest interest gained on National Saving Certificates in REC or NHA bonds. Can we get benefit under Sec. 54-EC ? Babu hai Choudhari , Ahmedabad
I sold my plot in Dec2007 and got Long Term Capital Gain of about Rs.7.6 Lacs. Currently there is no TAX Saving Bonds Scheme available from NABARD, REC & NHAI where this amount can be invested to save TAX. V K Gupta, Sonepat

The readers who have earned long term capital gains on any asset and were waiting for the bonds in the market for claiming exemption u/s 54EC should rejoice as the Rural Electrification Corporation Ltd has come to market for subscription of its Capital Gains Tax Exemption Bonds – Series-VIII which opened on 28th May 2008 .Further details can be from the links provided below
Issue Highlights of 54EC Bonds – Series VIII Information Memorandum of 54EC Bonds – Series VIII Application Form of 54 EC Bonds – Series VIII (SAMPLE) (Application Form can be downloaded from the website : http://rec.rcmcdelhi.com)

Have you read ?
Interest on REC Bond Is Taxable Yearwise!

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