capital gains exemption

gaurav (Querist) 01 February 2017 This query is : Resolved
If I invest capital gains in nhai bonds...on withdrawl after 3yr do I get tax

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Adv. Yogen Kakade (Expert) 02 February 2017
wrong forum.... ....

Rajendra K Goyal (Expert) 02 February 2017
Please redraft your query with material facts.

May post your query after redrafting in CA Club of India.

Guest (Expert) 02 February 2017
Well Advised by Adv.Yogen Kakade and Mr.Rajendra K Goyal

Ms.Usha Kapoor (Expert) 03 February 2017

The principal amount invested in NHAI bonds u/S 54EC on maturity I.e after lock in period of 3 years, is exempt from tax. and you can utilise the amount as you wish to do so. However, interest which will accrue on this investment and paid to you annually, is taxable as your interest income. The interest rate is 6% pa and you have no option to withdraw the principal amount before maturity.

Adv. Yogen Kakade (Expert) 14 March 2017
I agree with Ms. Kapoor

gaurav (Querist) 15 December 2017
Thanks miss kapoor. Precise answer

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