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Section 54EC provides a way of getting exemption from tax on long term capital gains . You can read six steps to saving tax on long term capital gains u/s 54EC .However, the capital gains bonds specified under section 54EC are scarce and are not available always in market. That is important because the investment...
CBDT has notified on 8/4/2010 the Zero coupon Bond to be issued by Regional Electric corporation in coming months as bond for the pupose of section 2(48) of the I T Act which defines what is Zero Coupon Bond. The summary of the issues as per notification is as under
(a) period of
I had bought 25 deep discount bonds of Sardar Sarovad Nigam Ltd for Rs. 22500/- per bond on 26/11/2001 with the intension to get redemption amount of Rs. 111000/- in the year 2014. Now company has compulsory repaying Rs. 50000/- per bond on 10/01/2009. Sir please let me know the tax implication for the same...
kalpanasundar@……com Asked: Thanks for this very useful forum and your work is really laudable. I had sold some land and so to save tax on capital gains I invested the said amount in REC bonds. It is just 6 months since I made the investment. Now for personal reasons I am in need of some...
PAN and TAN applications require you to fill up the the jurisdiction in which the applicant is … [Read More...]
The tax deduction u/s 80DDB of the Income Tax Act provides relief to tax payers who are individual … [Read More...]
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