Capital gain bonds are often referred to as 54EC bonds. These bonds serve as tax-saving mechanisms. These are investment options that act as a kind of bond. They are a part of fixed-income instruments. We are eligible for tax exemption when we invest in 54EC bonds or capital gain bonds. Before I tell you how to purchase capital gain bonds, I would like to tell you a little more about 54EC bonds.
54EC bonds are also known as tax saving bonds. As an investor in 54EC bonds, you will not have to pay any kind of tax on any long-term capital gains which are derived from sale of any property. This will be true in case the amount that is accrued as capital gains is invested in some specific bonds.
How to purchase capital gain bonds online?
Directions for submitting the 54EC CGTE Bonds online application form by debit card or net banking:
Select the ‘Fill a New Form online’ option.
Fill up the form and then submit it.
You will receive an SMS once your application is submitted.
Now you will have to download the duly filled application form.
Then click on the ‘Upload Application/KYC Documents’ option.
Enter the details of the application form to validate the application number, email ID, and mobile number.
Click on the ‘Get OTP’ option to get an OTP on your mail and mobile number.
Validate using the OTP. After validation, the application will appear on the screen.
Upload all the documents that are asked and then proceed to make the payment.
You can make use of any payment mode to make the payment.
Once the payment is done you will get an acknowledgement letter.
Now you know how to purchase capital gain bonds.
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How to buy capital gain bonds online?
Nikita
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2 Year
2022-03-28T15:21:25+00:00 2023-08-23T20:23:43+00:00Comment
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