Can TDS (Tax Deduction at Source) be deducted from the interest amount of IRFC-REC-PFC Capital Gain Bonds?

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• Tax & forms

  Why do you invest in IRFC-REC-PFC Capital Gain Bonds or 54EC IRFC-REC-PFC Capital Gain Bonds? What are the tax advantages of investing in IRFC-REC-PFC Capital Gain Bonds?

  One of the main reasons investors also choose REC-IRFC-PFC Capital Gain Bonds is to avail themselves of the capital gains exemption under Section 54EC of the Income Tax Act, 1961. This section also…

  8 Jun 2023 · 1 min read

• Tax & forms

  If I process the application and make the payment, what do I need to submit to my CA for tax exemption purposes or do I need to wait for my bond certificate?

  To invest in IRFC-REC-PFC Capital Gain Bonds, you must make the RTGS or NEFT transfer to the designated account. Additionally, you need to submit the application form and required paperwork. It is…

  13 Jun 2023 · 1 min read

• Tax & forms

  What is the tax rate on the HDFC GOI RBI Floating Rate Savings Bond 2020? What are HDFC GOI RBI Floating Rate Savings bonds? Is it true that HDFC GOI RBI Floating Rate Savings Bonds are tax-free?

  The tax rate on the HDFC GOI RBI Floating Rate Savings Bond 2020 is subject to the individual’s income tax slab rate. The interest earned on the bond is taxable as per the investor’s applicable tax…

  2 Jun 2023 · 1 min read

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