Income from RBI Bond is taxable or Not ?
This query is : Resolved
26 July 2009
Whether Income from RBI Bond is taxable or Exempted ?
26 July 2009
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 .
26 July 2009
Thanks for yor prompt reply.
It is GOI 8% Saving (Taxable) Bond-2003 from HDFC Bank and Bank Deducted TDS Rs.4944/- on it.
It is GOI 8% Saving (Taxable) Bond-2003 from HDFC Bank and Bank Deducted TDS Rs.4944/- on it.
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