What is Sec 54 EC?
Section 54EC bonds are also known as Capital Gain Bonds. It is an investment instrument under the Income Tax Act that permits taxpayers to save on long-term capital gains tax when they sell assets like real estate. These bonds usually have a lock-in period and offer tax benefits for those who meet the investment criteria. By utilizing this Section, taxpayers can reduce their overall tax liability and reinvest their gains in a tax-efficient manner. 54EC Capital Gain Bonds gives a valuable option for investors seeking to minimize tax burdens on long-term Capital gains.
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