Encashment of rec bonds u/s 54ec

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..... whether investment in rec bonds u/s54ec can be encashed on death of the holder by legal heirs before maturity. - Reply By Mukesh Kumar - The Reply = The reading of section 54EC(2) is plain and unambi .....

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..... guous as in my view that in case of encashment of bond before three years invested u/s 54EC is taxable under section 45. Moreover it would be taxable in the year in which condition is violated. Theref .....

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..... ore, since it is taxable in the year of encashment, the legal heirs would be liable to pay tax. - Encashment of rec bonds u/s 54ec - Query Started By: - satbir singh wahi Dated:- 9-11-2009 Income Tax .....

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..... - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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..... - TaxTMI - TMITax .....

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