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Interest on national highway authority of india

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CHANDAN DEVLEKAR Proprietor [ Scorecard : 25]	Posted On 15 June 2012 at 18:01
	Is Interest Received from National Highway Authority of India against investment in bonds is taxable ?

Parmod Rawat B.COM,MBA,CWA Inter [ Scorecard : 401]	Posted On 15 June 2012 at 18:13
	yes taxable


CA Mukesh Jain S Chartered Accountant in Practice [ Scorecard : 531]	Posted On 15 June 2012 at 18:50
	Yes it is fully taxable. There is no provision for exemption for this. Total thanks : 1 times

praveen Chartered Accountant [ Scorecard : 4858]	Posted On 15 June 2012 at 19:06
	Any question Join us on facebook and our experts will help you. Visit our blog for more information about the above Hi, You need to check under which scheme NHAI has issued the bonds. There is an issue that I remember where there was no tax on interest. Similar bonds are issued by Indian Railways and HUDCO. You can see the scheme name in which the bonds were issued. Most of the times it is tax free it will stated on the bond itself.

Monika Dalaniya STUDENT [ Scorecard : 87]	Posted On 15 June 2012 at 20:26
	yes it's taxable.

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