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I wish to know the names of the various venues of long term capital gain investment under section 54EC in Indi
21Mar2008 Filed under: CorporationsQuestion:
I wish to know the names of the various venues of long term capital gain investment under section 54EC in Indi
Answer:
There is amendment in Section 54EC from 1.4.2006 i.e Asst Yr 2006-07 by which it has been provided that exemption from the long term capital gain is provided only if investment in specified assets is done within six months from the transfer. The specified assets have been given in expansion to Section 54EC which is reproduced for your benefit (Remember earlier investment options like NABARD and National Housing Bank is no more provided )
(b) long-term specified asset means any bond, redeemable after three years and issued on or after the 1st day of April, 2006,
(i) by the National Highways Authority of India constituted under section 3 of the National Highways Authority of India Act, 1988 (68 of 1988), and notified by the Central Government in the Official Gazette for the purposes of this section; or
(ii) by the Rural Electrification Corporation Limited, a company formed and registered under the Companies Act, 1956 (1 of 1956), and notified by the Central Government in the Official Gazette for the purposes of this section.]
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I wish to know the names of the various venues of long term capital gain investment under section 54EC in Indi: There is amendment in Section 54EC from 1.4.2006 i.e Asst Yr 2006-07 ...DRHP v8 100707
... OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF ... AND ABBREVIATIONS Company related terms Term ... SECTION II - RISK FACTORS An investment in Equity Shares involves a high degree of ...People Also View other Questions
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