Sanriya blog
Everything we have written since the practice began: how the instruments work, what the forms mean, and the habits that make a plan hold. Newest first.
375 articles · page 26 of 32
Bonds & NCDs
The subscription mode for 54EC IRFC-REC-PFC Capital Gain Bonds is typically 100% allotment basis by applying in physically or in demat mode, subject to the application being in order. This means…
· 1 min read
Bonds & NCDs
To apply for IRFC-REC-PFC 54EC Capital Gain Bonds, it is recommended to follow these general steps: 1. Obtain Application Form: You can obtain the application form for IRFC-REC-PFC 54EC Capital Gain…
· 1 min read
Bonds & NCDs
The payment methods for investing in 54EC IRFC-REC and PFC Capital Gain Bonds generally include: 1. Cheque: Investors can make payment for the subscription amount through a cheque. Cheque issued in…
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Bonds & NCDs
The IRFC-REC-PFC 54EC Capital Gain Bonds issue typically opens on in the month of April and closes on March, of the respective financial year. These months indicate the start and end of the…
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Tax & forms
No TDS will be deducted from the interest earned from these bonds. IRFC, PFC, and REC are exempt from TDS under Section 193 of the Income Tax Act, 1961. Interest is Taxable. Click here for more…
· 1 min read
Bonds & NCDs
Yes, the interest earned on IRFC-REC-PFC Capital Gain Bonds is taxable as per the Income Tax Act, 1961. The interest income from these bonds is considered as “Income from Other Sources” and is…
· 1 min read
Bonds & NCDs
The interest payment on IRFC, REC and PFC Capital Gain Bonds is typically due on 15th October, 30th June and 31st July of each year respectively. Also interest amount is usually credited to the…
· 1 min read
Bonds & NCDs
Investors who hold these bonds will receive an annual payment on the invested amount. The interest payment is typically made on an annual basis throughout the tenure of the bond. Click here for more…
· 1 min read
Bonds & NCDs
A 5.25% annual payment is provided by IRFC-REC-PFC 54EC Capital Gain Bonds, for Year 2023-24 Click here for more details about IRFC Capital Gain Bonds Click here for more details about REC Capital…
· 1 min read
Bonds & NCDs
The lock-in period for IRFC-REC-PFC Capital Gain Bonds (54EC Bonds) was 5 years from the deemed date of allotment. Once an investor purchases these bonds and the amount is paid, the application…
· 1 min read
Bonds & NCDs
Under Section 54EC of the Income Tax Act, there are four specific types of bonds that are eligible for investment to avail the capital gains exemption: 1. NHAI (National Highway Authority of India)…
· 1 min read
Tax & forms
One of the main reasons investors also choose REC-IRFC-PFC Capital Gain Bonds is to avail themselves of the capital gains exemption under Section 54EC of the Income Tax Act, 1961. This section also…
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