CAPITAL GAIN 54ec BONDS AND STP

POSTED BY VIGNESH BASKARAN ON June 1, 2013 8:55 pm COMMENTS (6)

DEar Jgaoinvestor team and experts

I am very happy to thank you all for the kind of self less service you people render to the Public by educating them to manage own finance

I have few queries . Pls help me by answering.

Query NO:1

1. we have sold our house .

Taken an auditor help for calcualtion the indexation and finally find out i need to buy 25 Lakhs REC bond to get the tax exemption.

Date of sale – 27 th August 2012

Date of  the amount deducted from the bank account – 31 st dec 2012

Date of allotemnt of bond – 31 jan 2013

Now my question is will they give interest from the date when they dedcuted the money from bacnk account?

Because if they give me the interest from bond allotemnt date i will lose 12 – 13k .

Please help me to understand this

Query No:2

I am in the first slab.

I always do STP from liquid fund.

I dont know how to calculate the taxation of the liquie fund.

Pls can anyone suggest me how to do tat and which method will be best way to lessen the tax burden?

Regards

Vignesh

 

6 replies on this article “CAPITAL GAIN 54ec BONDS AND STP”

  1. Dear Vignesh, thanks for the update.

    thanks

    Ashal

  2. VIGNESH BASKARAN says:

    Dear ashal

    contacted the concerned person (Investor cell of REC bonds and they informed the interest is calcualted based on the date of deduction from the bank account and the allotment bond date is one month from the date of dedcution from the bank account.

    Please note this point
    ” Eventhough the 54EC bond is alloted one month later interst is given .”

    thanks ashal for guiding me

  3. VIGNESH BASKARAN says:

    Ok. ashal. Will contact them thru email and try to find out the answer.

    Thanks for guiding.

  4. Dear Vignesh, please contact Bond’s RTA for better understanding & a positive outcome for your query.

    Thanks

    Ashal

  5. VIGNESH BASKARAN says:

    Dear ashal

    Thanks for the reply

    Then what may be the reason for the one month delay in allocating the bond from the date of deduction of the amount from my bank account?

    Is it the procedure followed ?

    Investor will lose the interest for the one month right.

    REgards
    Vignesh

  6. Dear Vignesh, the interest ‘ll be given to you from the bond allotment date.

    Please calculate your short term capital gains in liquid fund & add the gains in your income & pay tax as per your slab rate.

    Thanks

    Ashal

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