R.KARPOORASUNDARAM (ASSISTANT PROFESSOR) 02 March 2025
Dear Sir,
I want to know some clarification on long term capital gain bonds like REC etc
Can I invest my share market long term capital gain In these bonds ? OR
These bonds are meant for capital gain on selling only immovable assets like land or building?
Kindly clarify.
T. Kalaiselvan, Advocate (Advocate) 02 March 2025
Section 54EC provides that you do not have to pay LTCG tax on the sale of any long-term capital assets if the capital gains are invested in the designated government bonds and instruments. The bonds must be purchased within six months following the asset's sale.
you can invest in REC bonds under Section 54EC of the Income Tax Act to save on taxes on long-term capital gains.
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