REC India – Rural Electrification Corporation -A Navratna status Govt Of India undertaking PSU have come up with an issue of Secured,redeemable Tax Free bonds.REC can raise Rs. 1000 crore through tax free bond issues in this financial year. REC was started in 1969 with an objective to finance and promote Rural electrification projects. Imp…
REC Capital Gain Tax Exemption 54EC Bonds 2013-2014
Capital gain tax (E.g.capital gain due to sale of properties) can be saved by investments in the 54EC Capital Gain Tax Exemption bonds. Certain entities like REC / NHAI can issue Capital Gain Tax Exemption bonds. Every year a new issue is launched by these companies & highlights of the REC 54 EC Series IX…
REC-Tax Free Bonds March 2012:
// There is an important amendment for REC Tax Free Bonds.As per Gazette Notification issued by the Ministry of Finance,”Any individual investing upto Rs 5 lakh in REC Tax Free Bonds will be treated as retail investor and investing more than 5 lakh will be treated as HNI” (It was earlier declared as 1 lakh)…