How do you get a NHAI 54EC Bond?
How do you get a NHAI 54EC Bond?
There is no online mechanism of purchasing these bonds and a person would be required to physically visit their office and fill in the physical form. After purchasing these bonds – you may either hold them in physical form or demat form but there is no way to purchase these bonds online.
Who is the registrar of NHAI bonds?
Beetal Financial & Computer Services (P) Ltd.
How do you fill a rec bond?
Maximum Investment Rs. Interest Taxable, Income Tax Act 1961 and TDS will not be deducted. Bonds will be automatically redeemed by REC on maturity, without the surrender of Bond Certificate(s) and the proceeds would be paid by cheque or NECS/ECS.
What is the maximum application size for NHAI bonds?
500 bonds
Maximum application size: 500 bonds of Rs 10,000 each (Rs 50,00,000) subject to the fulfilment of other conditions as specified in Income Tax Act, 1961. Mode of subscription: 100 per cent on application.
How do I redeem my NHAI bonds?
Bonds will be automatically redeemed by NHAI on maturity, without the surrender of Bond Certificate(s) and the proceeds would be paid by cheque or NECS/ECS. Demat account is not mandatory, if you don’t have demat a/c, then you will receive physical bond certificate like your Fixed Deposit.
How can I buy section 54EC bonds online?
Step 1
- Click the “Fill a New Form online” button for the bond issuer you prefer.
- Fill the application form online and submit.
- You will get an SMS on successful application submission.
- Download the duly filled application form.
- Take a print out of the above form and attest the signatures by all applicant(s).
What is 54EC Bond?
Capital gain bonds or 54EC bonds are the fixed income instruments that provide capital gains tax exemption under section 54EC to the investors. These bonds are issued by infrastructure companies that are backed by the government. Hence, the risk factor gets mitigated by buying such bonds.
Which bond is better NHAI or REC?
REC bonds score a bit higher than NHAI bonds. Because on maturity i.e., after 5 years, NHAI bondholders have to apply for surrender of bonds only then the maturity amount is redeemed and paid by cheque or ECS. In the case of REC bonds, it will be automatically redeemed and paid by cheque or ECS.
How do I apply for a capital gain bond online?
How do I buy 54EC bonds online?
Can 54EC bonds be redeemed before maturity?
Capital gain bonds or 54EC bonds are the fixed income instruments that provide capital gains tax exemption under section 54EC to the investors. The tax liability on long-term capital gains from sale of immovable property can be reduced by purchasing 54EC bonds. The capital gain bonds are redeemable before maturity.
Can non resident invest in 54EC bonds?
NRIs are allowed to claim exemptions under section 54 and Section 54EC on long term capital gains from sale of house property in India.
Why should you choose NHAI while applied in 54EC bonds?
Why should you choose the NHAI while applied in 54EC bonds National Highway Authority of India’s (NHAI) mission is to develop, maintain and manage all the national highways powered by the Government of India. To manage them, NHAI ensures the collection of fees (tolls) from the national highways.
What are the eligible bonds under section 54EC?
The eligible bonds under Section 54EC are REC (Rural Electrification Corporation Ltd), PFC (Power Finance Corporation Ltd) and NHAI (National Highways Authority of India) and IRFC (Indian Railways Finance Corporation Limited). Key Features of 54EC Bonds Key Benefits of 54EC Bonds Bonds offered under sec 54EC
Where can I deposit 54EC capital gains tax form in India?
NATIONAL HIGHWAYS AUTHORITY OF INDIA – 54EC CAPITAL GAIN BONDS (Series-XVII) LIST OF BANK BRANCHES The forms can be deposited across the country in any branch of Union Bank of India. In addition the forms can also be deposited in any of following branches of the banks mentioned below: Sr.
What is the National Highways Authority of India?
National Highways Authority of India was set up by an act of the Parliament, NHAI Act, 1988 “An Act to provide for the constitution of an Authority for the development, maintenance and management of national highways and for matter connected therewith or incidental thereto”.
