income from agriculture cis bond taxable ?
This query is : Resolved
12 November 2013
I invested in COLLECTIVE INVESTMENT SCHEME agriculture co MPS GREENERY DEVELOPERS LTD. They issued BONDS for 10 years and have given MODE OF PAYMENT Monthly @ Rs 1000. Not mentioning INTEREST/ DIVIDEND. The Co has issued ORCHARD BOND .
13 November 2013
yes, any income over and above the principal amount shall be taxable.
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