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100 FAQ's on Basic Finance

Module Units

Capital Gain Bonds or 54 EC Bonds

They are one of the best financial instruments for investors earning long-term capital gain tax and would like to get tax exemptions on these gains under section 54EC of the Income Tax Act. The maximum limit for investment is Rs 50 lakhs. These bonds constitute bonds from the National Highway Authority of India (NHAI) and the Rural Electrification Corporation (REC). An important thing to remember is that, to get the required tax benefits, one must invest the capital gain they got from the sale of a property.

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Units 37/101