Capital Gains Bonds by NHAI & REC
Capital gains bonds by NHAI and REC help people to save the tax paid on the sale of a long-term capital asset. The Capital Gains Tax is levied on the sale of long-term assets and can be saved if the funds are invested in the Capital Gains Bonds as mentioned under section 54EC within six months of the date of sale. The NHAI and REC Capital Gains Bonds have been known as a favourite in this section and have a face value of Rs 10000. These bonds have an interest rate of 5.25 % which is paid annually and the maximum amounts that can be invested in these bonds have been capped at Rs 50, 00,000. Being an AAA rated bonds, the Capital Gains Bonds by NHAI & REC are extremely stable and a great option to invest your excess funds from the sale of assets.