Bond
Tax-Saving Bonds offer tax benefits to an investor. By investing in these bonds, not only you earn a certain interest, but you also get the benefit of tax deductions up to Rs.20,000 u/s 80CCF of the Income Tax Act. This deduction is over and above the limit of Rs 1.50 lakh under Section 80C of the Income Tax Act, 1961.
Tax-Free Bonds do not attract tax on the interest income as per Section 10 of the Income Tax Act, 1961. Unlike tax-saving bonds, investments in tax-free bonds do not yield tax benefits on principal amount of the bond under section 80C. Tax-free bonds are listed on the stock exchanges in case the investor wants to buy/sell bonds.
Capital Gains Tax Exemption Bonds are known as 54EC bonds. These bonds are suitable to investors who earned long-term capital gains from land or building or both and would like tax exemption on these capital gains. These bonds are offered by REC, NHAI, IRFC and PFC. The maximum limit for investing in 54EC bonds is Rs.50 lakhs per financial year. These bonds come with a lock-in period of 5 years and offer an interest of 5.75% per annum. Interest earned from 54EC bonds is taxable.
We deal in all types of bonds being offered by all the companies either in primary market or secondary market.
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