Ltd rec has entered the market with its first tranche of taxfree bonds for the financial year 2014. You can download various forms details pertaining to bonds as mentioned below. These bonds are called as tax free as interest received from these bonds will be free from income tax and wont be part of any income. Rec tax free bonds will be listed on bse and can be traded in the secondary market. Investors can buy these tax free bonds that are listed on the nse at a price of rs 1,243. The capital gains 54ec bonds eligible for tax deductions can be issued only by rec rural electrification corporation ltd, pfc power finance corporation ltd and nhai national highways authority of india. Security isin number details face value issue date maturity date interest rate int payment date putcall option security isin number details face value issue date maturity date interest rate int payment date putcall option rural electrification corporation. Download rec 54ec capital gains bonds application form year 201920 for tax. Investors can enjoy tax benefits by investing in tax free. Hello is interest on rec bonds received is exempt u s 10 15 and if yes whether there is any restriction on amount of interest income tax tax queries. Save tax on longterm capital gains by investing in 54ec bonds such as rec capital gain bonds, nhai capital gain bonds respectively. Rec tax free bonds 2015 suits investors who are looking for safe, regular income and are in the higher tax bracket. Hdfc bank provides capital gains bonds under section 54ec of the income tax act, 1961. Remaining portion will be same as other posts on taxfree bonds.
Usually in india tax free bonds are offered by government public sector companies like nhai, ntpc, hudco, rec, rel, ireda or pfc. Recs tax free bonds an opportunity you should not miss. Nhai bonds division or lateshort credit of application money. We will contact you within 24 hours or you can reach us at 1800 3 123123. Rural electrification corporation limited rec 54ec cgte bonds series xiv fy 202021. To download the rec 54ec bond application form, click hereclick here. Tax free bonds best tax saving bonds for investment. Investors can choose to apply in demat as well as physical form. Rec tax free bonds synergee capital services pvt ltd. The eligible bonds under section 54ec are rec rural electrification corporation ltd, pfc. National highways authority of india nhai 54ec capital gain bonds series xxi, click here.
Rec limited funds their business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings and provides financial assistance to the power sector in all segments i. Unlike ntpc taxfree bonds, rec taxfree bonds will also be issued in physical form i. Rec is the first company to start offering tax free bonds in this financial year 2012 and their issue opens on december 3rd 2012 and ends on december 10 2012 rec has. Tax deduction is available under section 54ec of the income tax act.
The issue opened on 30 august and will remain open till 23. Read expert opinions, top news, insights and trends on the economic times. Buy tax free, tax saving bonds online download bonds. To download the nhai application form, click hereclick here. A few more psus are going to issue tax free bonds in coming.
Rec tax free bonds can be hold in demat as well as physical form. Buy capital gain bonds online india download bond application. Avail the opportunity to invest in 54ec bonds to gain tax deductions. Capital gain bonds is the best way to save long term capital gain from the any property type. Bonds sold, transferred or converted into money or any loan or advance taken on security of such bond within a period of 3 years from the date of acquisition, the capital gains earlier exempt are. They are bonds offered by rural electrification corporation ltd rec, power finance. Rec tax free bonds an exciting long term opportunity. Payment received from the investors, between 1st to 15th every month, the allotment will be done on 30th 31st of every month and bonds will be crediteddispatch within a weeks time, from the. Rec long term infrastructure bonds are tax free infra bonds under section 80ccf. This post will cover a few features of this rec taxfree bond issue. Rec tax free bonds rural electrification corporation limited a government of india undertaking highlights of tax benefits interest from these bonds do not form part.
Under section 54 ec of income tax, 1961 an investor need not pay any tax on any. As interest on bank fixed deposits have been trending lower, for higher tax bracket taxpayers, the yield on maturity or return on investment on taxfree bonds could be 5. Listed below are the major benefits offered by tax free bonds. Capital gain bonds invest now in 54ec bonds at karvy value. Rural electrification corporation rec has come up with tax free bonds. The first issue of taxfree bonds this year is open for subscription till 10 december.
Rec limited formerly rural electrification corporation limited is a navratna company under the administrative control of the ministry of power. Rural electrification corporation rec will be launching the first public issue of taxfree bonds for the current financial year from 30th of this month. Personalfn analyses the issue and advises investors why they may subscribe to rec tax free bonds. Download rec tax free bonds 2015 issues application form for resident indians. You can sell this taxfree bonds on the secondary market, however, you need to pay capital gain tax. The rural electrification corporation had issued the n7series a few years ago.
Rural electrification corporation limited rec, a navratna central public sector enterprise under ministry of power, was incorporated on july 25, 1969 under the. Rec is offering taxfree secured redeemable non convertible bonds aggregating rs 1,000 crore with an option to retain rs 4,500 crore. Tax free bonds taxfree, secured, redeemable, nonconvertible debentures. Rec capital gain bond application form 20202021 mutualfunds. Click here to know more about capital gain bonds in india. Rec 54ec capital gains tax exemption bonds series xiv. Pfc tax free bonds 2015 suits investors who are looking for safe, regular income and are in the higher tax bracket. Capital gain bonds helps you to claim tax exemption in the future as per the section. We will contact you within 24 hours or you can reach us at 1800 3 123123 investments. It will probably be the last tranche and so a last chance for investors who missed out. A few more psus are going to issue tax free bonds in coming days.
However, provision inserted under subsection 1 of section 54ec by the finance no. Bonds, issue details, coupon, rating, tax benefit, tenure, application form. Download rec 54ec capital gains bonds application form year 201920 for tax saving bond with 5. Download rec tax free bonds 2015 issues application form. The applicants can download application forms and deposit completed forms to any branch of union bank of india and. This implies that the investor has given a loan to the issuing entity. Best tax free bonds 2019 in india how to buy tax free. Consequently, the shelf limit was reduced to rs 4,500 crores. Bonds to be allotted in dematerialized form as well as in physical form. Rural electrification corporation spa capital advisors ltd.
Bond name details download form resident download form nris. Bond refers to a security issued by a company, financial institution or government, which offers regular or fixed payment of interest in return for borrowed money for a certain period of. The bonds are tax free in nature exempt us 1015ivh of the income tax act, 1961 and the interest on the bonds will not. Shiv has just left a comment with a link to download the application form of the nhai tax free bonds. Tax free bonds come with a lot of attractive benefits.
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