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How much tax you can save by investing in Capital Gain Bonds? rrfinance.in
As the expression goes, saving money that you currently have is always preferable to earning more. Saving your gains from taxation is a sensible choice as well. Investing in capital gain bonds, sometimes referred to as 54EC bonds, with long-term capital gains is one of the finest strategies to lower your tax obligation. Reinvesting the money in another piece of real estate is another option….
Things to Know About 54EC Bonds rrfinance.in
Capital Gain Bonds are also a safe and secure mode of investment with AAA ratings. As of now, Rural Electrification Corporation Limited (REC), Power Finance Corporation (PFC), and Indian Railways Finance Corporation Limited (IRFC) are permitted to issue capital gains bonds under Section 54 EC. The investor becomes a creditor to the entity that has issued these capital gain bonds.
Capital Gain Bonds 54EC by RR Finance rrfinance.in
When purchasing land or a construction, you could benefit from your 54EC bond investment (residential or commercial). Capital gains Only REC (Rural Electrification Corporation Ltd.), PFC (Power Finance Corporation Ltd.), and IRFC are authorised to issue 54EC bonds that are tax-deductible (Indian Railways Finance Corporation Limited). Investments in 54EC bonds qualify as tax deductions, so take advantage of the opportunity.