Bonds to be allotted in dematerialized form as well as in physical form, at the option of the applicants but tradable in dematerialized form. 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. Apr 17, 2015 capital gain bonds issued under section 54ec by nhai or rec is one of the best ways of saving tax on longterm capital gains. The company is a public sector undertaking and finances and promotes rural electrification projects across india. Rec institute of power management and training recipmt formerly known as central institute for rural electrification is a training institute established at hyderabad in 1979 under the aegis of rural electrification corporation limited rec limited, a government of india enterprise. Trading members of the exchange are hereby informed that, rural electrification corporation ltd. The rural electrification corporation had issued the n7series a few years ago. Irfc 54ec capital gain bonds application form series iv. If you are interested in buying the rec infrastructure bonds, then you will have to fill up the physical form, and submit it to one of the collecting branches.
Infra bonds, equity shares faqs with answer investor. Investors can buy these tax free bonds that are listed on the nse at a price of rs 1,243. Rec tax free bonds issue subscription will open on 27th oct, 2015 tuesday and will be closed on 4th nov, 2015. These bonds are used to fund governments infrastructure projects.
You can download various forms details pertaining to bonds as mentioned below. The investor has a single window to access capital gain bond product scheme. Get the latest updates on bonds issue, returns, government bonds, infrastructure bonds, non convertible debentures bondsncd bonds, tax free bonds indiaissue 2020. A guide to infrastructure bonds bipartisan policy center. The annual coupon rate for the retail investor investment less than 10 lakhs are 7. Avail the opportunity to invest in 54ec bonds to gain tax deductions. Infrastructure bonds are long term investment bonds issued by any non banking financial company like industrial finance corporation of india or idf. The eligible bonds under section 54ec include bonds on offer by rural electrification corporation ltd rec and national highways authority. As the name suggests, interest earned from taxfree bonds is exempt from tax. Download rec 54ec capital gains bonds application form year 201920 for tax saving. Pan card is mandatory for subscribing to these bonds. The national highways authority of india was constituted by an act of parliament, the national highways authority of india act, 1988. Tax free bond rural electrification corporation limited.
Rec tax free bonds bond particulars options series of bonds tranche 2 series 1 tranche 2 series 2. Rec limited, formerly rural electrification corporation limited, is a public infrastructure finance company in indias power sector. Recently, other types of bonds have also played a role in financing projects. Ifci long term infrastructre bonds seriesii exercise of buyback option 2018. Irfc capital gain bond, irfc 54ec capital gain bonds application form. There has been a series of infrastructure launches one after the other. The interest received on these bonds shall be treated as income from any other source and shall form part of the total income of the assessee in that financial year in which they are received. Chq dd should be drawn in favour of rec infra bond. Buy tax free, tax saving bonds online download bonds. Capital gain bonds issued under section 54ec by nhai or rec is one of the best ways of saving tax on longterm capital gains. Dealing in bonds due to the nature of infrastructure bonds and lockin requirement, dealing in these bonds will not be permitted for a period of five 5 years from the.
You will need documents like pan, address proof, and demat account proof to submit along with the application form. Infrastructure bonds rural electrification corporation. Rural electrification corporation limited rec, 54ec cgte bonds series xiv fy. 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 of total income as per provisions under section 10 15 iv h of income tax act, 1961.
Dec 19, 2011 there has been a series of infrastructure launches one after the other. One can now check allotment status of ifci series4 and rec tax saving infrastructure bonds having tax benefits us 80ccf. Aug, 2019 unlike ntpc taxfree bonds, rec taxfree bonds will also be issued in physical form i. Rural electrification corporation limited rec, a navratna central public sector enterprise under ministry of power, was incorporated on july 25, 1969 under the companies act 1956. Beetal house, 3rd floor 99, madangir, behind local shopping centre new delhi 110062 ph no. Rec limited formerly rural electrification corporation. Download rec tax free bonds 2015 issues application form for nris.
Want to invest in ncdbondsmutual fundsipo etc but dont have a trading. Rec capital gain bond application form 20202021 sanriya. Rbi has further categorized rec as an ifc infrastructure finance company. Rec a listed public sector enterprise government of india with a. Application form 54ec capital gain bonds series xiv new. To download the nhai application form, click hereclick here. Jun 20, 20 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.
Buy capital gain bonds online india download bond application. In our opinion investment in recs longterm infrastructure bonds, appears enticing from a tax planning perspective, as an investment upto 20,000 will be eligible for an additional i. These companies are an ombudsman borrowing from the investors and lending to the government. Public issue by rural electrification corporation limited rec or issuer or the company of tax free secured redeemable non convertible bonds of face value of rs. They may close their issues after three days so nris have very limited time to take any action. Agriculture finance foreign trade indicators infrastructure policy. The lockin period of section 54ec capital gain bonds has increased from 3 years to 5 years.
Rural electrification corporation limited rec 54ec cgte bonds series xiv fy 202021. Bonds investment investing in bonds online hdfc securities. Power finance corporation of india pfc pfc 54ec capital gain bonds series iv. We offer rural electrification corporation ltd rec capital gain bond schemes to our client those who would like to save capital gaintax under section 54ec of income tax.
Rec long term infrastructure bondsus 80ccf available now. Download form resident download form nris irfc capital gain bond. Issue subscription will be closed early if it is fully subscribed. Redemption of bonds of rural electrification corporation ltd. Icici bank tax saving bonds in india goi bonds government of india offer 8% taxable saving bonds, invest saving bonds, savings bond rates. Rec capital gain bond agents advisors broker distributor ifa. Rec limited formerly rural electrification corporation limited is a navratna company under the administrative control of the ministry of power. A self attested copy shall be enclosed along with the application form. Tax saving bonds savings bonds goi bonds investing. Kfintech is the largest registrar and a market leader, servicing over 90 million investor accounts spread over 0 issuers including banks, psus and mutual funds. Know everything about 54ec bonds at karvy corporate. Download rec tax free bonds 2015 issues application form for resident indians. 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. Bond certificate for the bonds allotted to you will be sent to you separately.
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 date of allotment. These bonds are a form of debt issued by state or local governments, and all are subsidized by the federal. 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 time. By admin on february 16, 2012 february 20, 2012 in fixed income tagged 80ccf bonds, ifci, rec bonds 45 comments facebook. Feb 02, 2018 the maximum limit for investing in these bonds is rs 50 lakh. Bonds can be readily sold over both bombay stock exchange bse and national stock exchange nse. Tds applicability will still be there on the application money while. Should you invest in recs longterm infrastructure bonds. One can sell the bonds in a dematerialized form after the completion of the lock in period.
Rec long term infrastructure bonds are tax free infra bonds under section 80ccf. Nri including person of indian origin pio can invest in tax free bonds but i am not sure how they can invest in such a limited time. In addition to that, the budget has also proposed to restrict the definition of capital asset to only land and building under the said section. Capital gain bonds invest now in 54ec bonds at karvy value. Payment received from the investors, between 16th to 30th 31st of every month, the allotment will be done 15th of. Depending on the terms of the type of bonds, the authorized issuer is obliged to pay interest andor repay the principal at a later date upon maturity. Rec long term infrastructure bondsus 80ccf available. Bonds, issue details, coupon, rating, tax benefit, tenure, application form. Investor can avail tax exception for the investments made upto rs 20,000 under section 80ccf. As per the companys internal procedureprocess, the allotment of bonds will be done on the following lines. You will need documents like pan, address proof, and demat account proof. Feb 15, 2017 trading members of the exchange are hereby informed that, rural electrification corporation ltd. Pfc infrastructure bonds im not covering this in a lot more detail because of the many posts about other infrastructure bonds here. Read expert opinions, top news, insights and trends on the economic times.
Unlike ntpc taxfree bonds, rec taxfree bonds will also be issued in physical form i. National highway authority of india nhai download nhai 54 ec capital gain bonds series xxi. Rec capital gain bond agents advisors broker distributor ifa services for rural electrification corporation ltd capital gain bond tax saving us 54ec. We will contact you within 24 hours or you can reach us. To check ifci allotment status online click here to check rec allotment status click here to check ifci one can enter either application number,pan no or dpid client id number and for rec one need pan no or dpidclient id number. What are taxfree bonds and how they work the economic times.
Regarding not recieving of rec infra bonds for the application no. If passed by the parliament, the above mentioned bonds will be issued for five years starting from april 1, 2018 and benefit will be availed from the assessment year 201920 and in the subsequent years. We will contact you within 24 hours or you can reach us at 1800 3 123123. It is responsible for the development, maintenance and management of national highways entrusted to it and for matters connected or incidental thereto. The company provides loans to central state sector power utilities in the country, state electricity boards, rural electric cooperatives, ngos and. Tax saving bonds in india offered by hdfc bank is a great investment option with savings bonds at 8% p. Idfc first bank unclaimed interest on 80ccf long term infrastructure bonds. Rural electrification corporation rec, has launched tax free infrastructure bond from january 12, 2011. Download forms rural electrification corporation limited.
If you have any questions then please check out my 80ccf infrastructure bonds faq post, and of course youre always to welcome to post. If you have any questions then please check out my 80ccf infrastructure bonds faq post, and of course youre always to welcome to post any questions or other thoughts as a comment. Currently, as per section 54ec of the incometax act, exemption from longterm capital gains tax are available if the gains are invested in. Invest in 54 ec bonds to get exemption from tax on ltcg livemint. Bonds are listed on national stock exchange of india limited nse and bombay stock exchange limited.
Get the latest updates on bonds issue, returns, government bonds, infrastructure bonds, non convertible debentures bonds ncd bonds, tax free bonds indiaissue 2020. Seriesxii 201819 tutorial video on how to fill 54ec cgte application form application form 54ec capital gain bonds series xiii. Download rec 54ec capital gains bonds application form year 201920 for tax saving bond with 5. Rec capital gain bond agents advisors broker distributor. Card, issue highlights, information memorandum, download application, allotment status. Hdfc bank provides capital gains bonds under section 54ec of the income tax act, 1961. Rec 54ec capital gains tax exemption bonds series xiv, invest here click here. Click here to know more about capital gain bonds in india. Rec a listed public sector enterprise government of india with a net worth of rs. Few options are better than infrastructure bonds when it comes to taxsaving investments. Investment bonds are debt instruments in which the authorized issuer owes the bond holders a debt. Jan 17, 2011 rural electrification corporation rec, has launched tax free infrastructure bond from january 12, 2011. This post compares three types of bonds that are or have been used for infrastructure. Dec 24, 2011 in our opinion investment in rec s longterm infrastructure bonds, appears enticing from a tax planning perspective, as an investment upto 20,000 will be eligible for an additional i.
Section 80c tax deductions from infrastructure bonds. 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. What is the tax treatment of interest on infrastructure bonds. Download application form to invest in capital gain bonds. Also tax savings bond includes low risk, invest in bonds online, nomination facility and many more facility. Notice for change of registrar and transfer agent w.
In order to download form, click on the links below. Rec infrastructure bond has 2 options option 1 investment period of 10 years interest rate is 8. Rural electrification corporation limited rec 54ec cgte bonds series. Investing in infrastructure bonds is encouraged by the government by providing tax benefits under section 80c of the income tax act.
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