54EC: NHAI Issues Capital Gains Bonds !

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...

REC Zero Coupon Bond Notified! What is the Taxation Rule of Redemption or Sale of The Bond?

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

How To Minimise Tax On Bonds Issued Before Feb’02 ?

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...

Take Loan on REC Bond and Forgo the Exemption!

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...