Capital gains arising from redemption of nhai bonds
This query is : Resolved
Sanchi Desai
(Querist)
11 February 2019
What is the taxability of NHAI Bonds arising from its redemption ??
Ketan Samdani
(Expert)
11 February 2019
Long term if held for more than 12 months. Benefit of indexation available. Rate of tax will be 20%
Sanchi Desai
(Querist)
11 February 2019
But Sir is this written in some section or rule in the Income Tax Act or is there any case law related to it ??
Dhirajlal Rambhia
(Expert)
27 September 2021
Which type of bonds are they? Capital gain bond? or any other?
If CG bonds u/s. 54EC, its interest is taxable on receipt...
If CG bonds u/s. 54EC, its interest is taxable on receipt...
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