Gold Bond Interest Income
This query is : Resolved
29 June 2011
I want to know that Gold Bond comes under which section and interest from gold bond is taxable or not.
29 June 2011
If the bond is 'National Defence Gold Bonds, 1980' interest is tax free u/ 10 (15) of the Income tax Act,1961. In other cases of 'gold bonds', interest is taxable and subject to TDS u/ 193 if the interest exceeds 10,000/- per annum.
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