Check if you can also save tax by investing in new tranche of 54EC bonds issued by NHAI
In case you have booked any long term capital gain in last six months you can save tax by investing in 54EC bonds issued by NHAI recently. Find your eligibility here:
Eligibility for exemption by investing in 54EC Bonds:
| Eligible Assessee | Any Assessee (This exemption is allowed to all assesses) |
| Asset Transferred | Any Asset (Long term) |
| Period of holding of asset transferred | Long term capital asset including a depreciable asset hold more than 36 months |
| Qualifying asset i.e. asset in which capital gain has to be invested | Bonds of NHAI or RECL |
| Time limit of Purchase | Purchase within 6 months from the date of transfer |
| Amount of exemption | Lower of Capital gain or amount invested in Bonds Maximum permissible amount in such bonds our of capital gains arise in any financial year is Rs.50 Lacs |
If you find yourself eligible you can invest in these Bonds and can save tax. Please find the salient features of NHAI issue for 2016 here:
| Credit Rating | “CRISIL AAA/Stable” by CRISIL Ltd |
| Face Value | Rs. 10000/- per Bond |
| Issue price | Rs. 10000/- per Bond |
| Minimum application size | One Bond of Rs. 10,000/- |
| Maximum application size | 500 Bonds of Rs.10,000/- each (Rs.50,00,000) subject to fulfilment of other conditions as specified in Income Tax Act 1961. As per the provision of sub-section (1) of section 54EC by the Finance (No. 2) Act, 2014, (w.e.f. 1-4-2015) “ provided further that the investment made by an assessee in the long-term specified asset, from capital gains arising from transfer of one or more original assets, during the financial year in which the original asset or assets are transferred and in the subsequent financial year does not exceed fifty lakh rupees” |
| Size of the Issue | Rs.5,000 Crore |
| Mode of Subscription | 100% on application |
| Deemed Date of Allotment | Last day of the month during which the application amount has been cleared and credited to NHAI’s collection account |
| Transferability | The Bonds are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advance |
| Maturity | At par, 3 years from Deemed Date of Allotment |
| Interest payment | Annually On 1st April and Final Interest at the time of Maturity |
| Coupon rate | 6% per annum |
| Redemption | Bullet, at the time of Maturity i.e. 3 years |
| Trustee | M/s SBICap Trustee Company Ltd Apeejay House, 6th Floor 3, Dinshaw Wachha Road, Churchgate, Mumbai-400020 |
| Closure of Issue | The issue is open on-Tap Basis and will close on March 31, 2017 at the close of the banking hours or on achieving of ceiling limit of Rs.5,000 Crore without any further notice or at a date as may be decided by NHAI at its absolute discretion. |
Taxability of interest: Interest received on these bonds is fully taxable under income from other sources head.
For any query or to invest in these bonds please whatsapp: 9953077844
CA Shafaly Girdharwal
CA
New Delhi, India
CA Shaifaly Girdharwal is a GST consultant, Author, Trainer and a famous You tuber. She has taken many seminars on various topics of GST. She is Partner at Ashu Dalmia & Associates and heading the Indirect Tax department. She has authored a book on GST published by Taxmann.
