How do I redeem national highway bonds?
Bonds will be automatically redeemed by NHAI on maturity, without the surrender of Bond Certificate(s) and the proceeds would be paid by cheque or NECS/ECS. Demat account is not mandatory, if you don’t have demat a/c, then you will receive physical bond certificate like your Fixed Deposit.
How do I get NHAI bonds?
How to purchase Capital Gain Bonds. These Capital Gain bonds can be purchased either from NHAI/ REC or from authorised brokers of these bonds. There is no online mechanism of purchasing these bonds and a person would be required to physically visit their office and fill in the physical form.
Are REC bonds safe?
Safe and Secure: 54EC bonds are AAA rated. Interest: Interest on 54EC bonds is taxable. No TDS is deducted on interest from 54EC bonds and wealth tax is exempted. Tenure: 54EC bonds come with a lock-in period of 5 years (effective from April 2018) and are non-transferable.
What is the interest rate on NHAI bonds?
5.00% annually
Product all about
| Bond | RECL | NHAI |
|---|---|---|
| Coupon/Interest rate/Yield | 5.00% annually | 5.00% annually |
| Rating | AAA / Stable (CRISIL) | AAA / Stable (CRISIL) |
| Tax Status | Taxable | Taxable |
| Tax Benefit | SEC 54 EC | SEC 54 EC |
How can I get 54 EC bonds?
How to invest in 54 EC capital gain tax exemption bonds online in…
- Our Answer: 54EC bonds are specifically meant for investors earning long-term capital gains.
- Investment via broker.
- Click the “Fill a New Form online” button for the bond issuer you prefer.
- Click the “upload Application/KYC documents” button.
What is the capital gains tax rate for 2020?
2020 capital gains tax rates
| Long-term capital gains tax rate | Your income |
|---|---|
| 0% | $0 to $80,000 |
| 15% | $80,001 to $496,600 |
| 20% | $496,601 or more |
| Short-term capital gains are taxed as ordinary income according to federal income tax brackets. |
Which is the National Highways Authority of India?
Capital Gains Bonds. REC Bonds. NHAI Bonds. The National Highways Authority of India was constituted by an act of Parliament, the National Highways Authority of India Act, 1988. It is responsible for the development, maintenance and management of National Highways entrusted to it and for matters connected or incidental thereto.
When was NHAI non convertible redeemable bonds taxed?
NHAI NON-CONVERTIBLE REDEEMABLE BONDS WITH BENEFITS UNDER SECTION 54EC OF INCOME TAX ACT, 1961 FOR LONG TERM CAPITAL GAINS
Who is responsible for the management of national highways?
It is responsible for the development, maintenance and management of National Highways entrusted to it and for matters connected or incidental thereto The Authority was operationalized in February, 1995 with the appointment of full time Chairman and other Members
Which is eligible to issue capital gain bonds in India?
NHAI has been notified by the Government of India as eligible to issue 54EC Capital Gain Tax Exemption Bonds.