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RATE OF INTEREST: 5.00 % P.A. Tenure/Locking Period: 5 years 54EC Bonds Application Number REC LIMITED (Formerly Rural Electrification Corporation Limited) (A Narrator Company) IN: L40101DL1969GOI005095
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How to fill out rec capital gains bond

01
Obtain the REC Capital Gains Bond form from a recognized bank or financial institution.
02
Fill out the necessary details such as name, address, PAN number, amount invested, and other required information.
03
Sign the form as per the instructions provided by the bank or financial institution.
04
Attach any supporting documents required by the bank or financial institution.
05
Submit the completed form and documents to the designated authority for processing.

Who needs rec capital gains bond?

01
Individuals or entities who have generated capital gains from the sale of property or assets and wish to avail the tax benefits offered by investing in REC Capital Gains Bonds.
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A rec capital gains bond is a bond that allows taxpayers in India to claim exemption on the capital gains tax.
Taxpayers in India who have made capital gains and wish to claim exemption on the capital gains tax are required to file rec capital gains bond.
To fill out a rec capital gains bond, taxpayers need to provide details about the capital gains made, the investment in the bond, and other relevant information.
The purpose of rec capital gains bond is to provide taxpayers with an opportunity to save on capital gains tax by investing in designated bonds.
Taxpayers must report details about the capital gains made, the investment in the bond, and any other information required by the tax authorities.
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