NHAI BONDS UP FOR SALE
Looking to park your longterm capital gainS (LTCG) to avoid paying tax? The National highway s Ministry of India (NHAI). an autonomous body under the ministry of 5hipping. is currently offering non-convertible bonds that come with benefits under Section S4 EC of the income Tax act. If any capital gain from the transfer of a longterm capital asset, such as gold or real estate, is invested within six months from the date of the transfer, it gets tax exemption. LTCG is taxed at 10 per cent without indexation, or at 20 per cent with indexation.
If any capital gain transfer of a long- term capital asset, such as gokl or real estate, is invested within six months from the date of the transfer. It gets tax exemption. LTCG is taxed at 10 percent without indexation, or at 20 percent with indexation.
Indian clients as well as NRIs investing of their Non- Resident Ordinary (NRO) accounts on non -repatration basis can invest. The bonds are available at an interest rate of 6.25 percent per annum, which is fully taxable in the hands of the investor. The term of the bond is three years and the entire amount invested is paid back on maturity. The bonds can be held in both demat and physical from.
Related posts:
{ 7 comments… read them below or add one }
what is the cost index value for f/y2009-10 for buying NHAI bonds
How can we save Capital Gain tax , after sale of shares .
I am holding shares for morethan 4 years .
If your holding shares more than one year >> no need to pay tax on it.
We need to pay tax on short term gains >> below one year investment
HI Admin,
I am holding a share for more than 2 years and when I sell this share obviously I need not pay tax as it comes under the long term capital gain. But, still do i need to invest the capital gain which I made out of this shares in NHAI bond or other Capital gain savings bond ???
Siva
can I sale nhai capital gain saving bonds in any situation.
I inherited a flat recently which I sold within six months for Rs12 lakhs.Do I save on short term capital gains tax if I invest the received sum in NHAI or REC bonds?
Recently i sailout a property now i want purchase a tax saving bond (fully) for 3/5 years like N H A I and REC please advice me phone no