Does amt kept in Capital Gains Account get taxable after 3 years?

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  1. vinoth

    vinoth New Member

    Thanks sir
  2. sssundaram

    sssundaram New Member

    well. now after all the conversation it is clear that I can invest max of Rs.50 Lakh in Rural electricity bonds under section 54EC, and get only 6% interest on 50 lakh which is taxable. What requires clear answer is, when i get my bonds encashed after 3 years will i have to pay income tax on that??
  3. V K Khanna

    V K Khanna Active Member

    No. Principal amount will not be taxed. Only interest income earned annually will be taxed.
  4. Yatin Gandhi

    Yatin Gandhi Active Member

    Yes, @V K Khanna Sir is correct.

    The principal amount wont be taxed and only the interest income would be taxed on maturity
  5. Adixyz

    Adixyz New Member

    I have a follow up question on long term capital gains and investment in infra. bonds.
    If I purchase 50 lacs in bonds (54 EC) for Property A sold in current financial year 2015-2016, could I purchase another 50 lacs bonds for Property B sold in next financial year 2016-2017. Thanks! Each of these properties have Capital gains more than 50 lacs.
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