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Tuesday, November 29, 2016

REC and NHAI Capital Gain Bonds - Section 54EC CGTE Bonds




Rural Electrification Corporation of India Ltd (REC) & National Highway Authority of India (NHAI) have decided to reduce the interest rate applicable for 54EC Capital Gain Tax Exemption bonds w.e.f 01-12-2016. The new rate of interest for these bonds will be 5.25 % per annum.

The amount invested in these bonds, where the amount of investment is credited in Collection Accounts on or after 01st December, 2016, the coupon/ interest rate will be 5.25 % per annum.

The amount of investment which is credited in Collection Accounts till 30.11.2016 will only be eligible for the present interest rate of 6.00% pa.




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