17 December 2011
I invest in Infrastructure bond under sec 80 CCF. I want to know whether principal amt. received after minimum lockin period or on maturity will be taxable or not.I understood the provisions related to max. deduction of Rs. 20,000 on investment and interest amt. being taxable under Income from other sources but what about taxability of the principal amount received as said above.
19 December 2011
Originally when you have received that Principal amount, it has been taxed already. Again the same principal amount is not taxable, your principal amount will be protected.
CAclubindia
