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Why to invest in 54 EC bonds?
The gains that arise on the sale of a Long Term Capital Gain Asset are known as Long Term Capital Gains and Capital Gains Tax is levied on such gains. However, such tax can be saved if this amount is invested in capital gain bonds specified under section 54 EC.
Which bonds are eligible under the Section 54 EC?
REC (Rural Electrification Corporation), IRFC (Indian Railway Finance Corporation) & PFC (Power Finance Corporation Ltd) are the bonds eligible under Section 54 EC.
What is the mode of application?
You can apply for the 54 EC bonds offline with physical forms.
What are the modes of payment?
The payment can be done through cheque, DD or RTGS
Who can invest in 54 EC bonds?
The following can apply:
- Resident Individuals
- Hindu Undivided Families (HUF)
- Firms
- Companies
- Banks, Commercial RRB, Co-operative Banks
- Financial Institutions
- Company
- Mutual Funds
- Insurance Companies
- Eligible NRIs (as per applicable law and regulations)
What is the interest rate?
The interest rate for 54 EC bonds is 5.75% (paid annually)
What is the maximum application size?
The maximum application size is 500 bonds, of Rs. 10,000 each i.e. Rs 50,00,000 in a financial year
What is the lock-in period for 54 EC bonds?
The lock-in period for 54 EC bonds is 5 years.
What is the rating of 54 EC bonds?
The 54 EC bonds are AAA rated by ICRA and CRISIL.
Within how many months of property sale should be invested in 54 EC bonds?
The amount should be invested within 6 months from the date of sale of property
Is TDS deducted on 54 EC bonds?
No. TDS is not deducted on 54 EC bonds.
Is the interest on 54 EC bonds taxable?
Yes. The interest on 54 EC bonds is taxable.
In what form can 54 EC bonds be held?
The bonds can be held in physical or demat form.
When is the interest paid?
The interest is paid annually.
Are the 54 EC bonds transferable?
No. The 54 EC bonds are not transferable.
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