Capital Gain Bonds 54EC by RR Finance - PowerPoint PPT Presentation

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Capital Gain Bonds 54EC by RR Finance

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The gain from the sale of a building or piece of land that has been owned for longer than two years is referred to as a long-term capital gain. You have six months from the asset's sale to invest the gain in a specific type of bond in order to qualify for tax exemption. One of the best strategies to reduce long-term capital gain tax resulting from the sale of an asset is to invest in 54EC bonds, often known as capital gains bonds. Rs. 50,000 is the upper limit for 54EC bond purchases. – PowerPoint PPT presentation

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Title: Capital Gain Bonds 54EC by RR Finance


1
RR Finance
Capital Gain Bonds 54EC
How do I take advantage of capital gains tax
exemptions?
2
Capital Gain Bonds
FinTech, Defined A brief history of
FinTech FinTech segments according to transaction
value FinTech and Cybersecurity FinTech Risks
Rewards FinTech What's Next? Security best
practices of successful FinTech projects
54 EC Capital Gain Bonds provide capital gain
tax exemption to the investors, under section
54EC of Income Tax Act 1961. The long-term
capital gain arises from sale of immovable
property can be saved by investing in these
Bonds within 6 months of sale.
3
What Benefits Do Capital Gains Bonds Have for
Tax Exemptions?
To qualify for tax exemptions under Section
54EC, you must fulfil the following requirements
The investment sum must be derived from capital
gains from the sale of assets like land or
buildings, or both.
The total investment should not be more than Rs.
50 lakh. Each participant in a real estate
partnership is eligible for a maximum of Rs. 50
lakh if the capital gain was split between them.
Before submitting income tax returns,
investments in NHAI, REC, PFC, and IRFC bonds
must be made within six months of the property's
sale date.
4
Form 60 (if the investor does not have a PAN) OR
self-attested copy of PAN card (in case of joint
application, self-attested PAN
copy of all applicants).
List of documents required
Cancelled check leaf for interest or redemption
via NEFT or RTGS facility.
Any document or communication issued by any
authority of the Central Government, State
Government or local bodies showing residential
address
5
RR is a 30 years old company promoted by Sh.
Rajat Prasad, a qualified Chartered Accountant,
who is the chief architect of its growth and has
steered the group to be a diverse and respected
financial and insurance services organization
with nationwide presence.
RR is one of the largest independent unbiased
financial and insurance players in India. RR is
fully integrated and a professionally managed
business with the widest product range.
www.rrfinance.in
6
Contact US!
9350316010 www.rrfinance.in digi.marketing_at_rrfcl.c
om
7
Thank You
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