Which of the following investments can help save on LTCG tax under Section 54EC? Option: Equity-oriented mutual funds, Bonds issued by NHAI and RECL, Real estate, Gold

<< Back

Hi

Show Ans

i

Which of the following investments can help save on LTCG tax under Section 54EC?

Equity-oriented mutual funds

Bonds issued by NHAI and RECL

Real estate

Gold

<< Back

Hi

Show Ans

i

What is the maximum amount an individual can invest in specific bonds provided by NHAI or REC under Section 54EC to avail of a tax exemption?

Rs. 1 Crore

Rs. 10 Lakh

Rs. 50 Lakh

Rs. 25 Lakh

<< Back

Hi

Show Ans

i

Under which section of the Income Tax Act of India can an individual claim exemption from LTCG tax by investing in a new residential property after selling an existing one?

Section 112A

Section 54F

Section 54

Section 54EC

<< Back

Hi

Show Ans

i

What is the key benefit of investing in 54EC bonds?

High interest rates

Guaranteed returns

Short-term liquidity

Tax exemptions on capital gains from property sales

<< Back

Hi

Show Ans

i

Which section of the Income Tax Act deals with exemptions for capital gains reinvested in specified long-term assets?

Section 54EE

Section 54

Section 54F

Section 54EC

<< Back

Hi

Show Ans

i

What type of bonds allows individuals to save taxes by investing the sale proceeds of long-term capital assets like land or buildings?

Zero Coupon Bonds

54EC bonds

Regular Taxable Bonds

Tax-free Bonds