exempted income
This query is : Open
24 October 2009
are interest from US 64 Bond and RBI Bond tax free
24 October 2009
As per sec 10(35) any income from mutual fund specified u/s 10(23D) will be exempt from tax. So income from UTI US64 is exempt
You have not stated type of bond bought from RBI. If it was 8% Relief Bond(invested before 28/2/2003), then, it was not taxable as per section 10(15)(iiic). Therefore, if you hold those bonds , interest thereon is tax free and also there is no TDS .
You have not stated type of bond bought from RBI. If it was 8% Relief Bond(invested before 28/2/2003), then, it was not taxable as per section 10(15)(iiic). Therefore, if you hold those bonds , interest thereon is tax free and also there is no TDS .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Regarding IMS Mandatory from 1st July 2026
- Interest on SCSS
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
