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How investing in 54EC bonds can help you save tax on long-term gains

REC (formerly Rural Electrification Corporation) launched a new series (XVI) of 54EC Capital Gains Tax Exemption bonds on April 1

Topics
long-term capital gains | Investment tips | Personal Finance

Bindisha Sarang 



calculation
One way you can avoid paying tax is by investing an amount equivalent to the long-term capital gains in bonds specified under Section 54 EC of the Income-Tax Act

REC (formerly Rural Electrification Corporation) launched a new series (XVI) of 54EC Capital Gains Tax Exemption bonds on April 1. Investing in these bonds allows a person to claim tax exemption under Section 54EC on arising from the transfer of a tract of land or building. The National Highways Authority of India will not issue these bonds.

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First Published: Thu, April 14 2022. 06:10 IST

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