Income on capital gain bonds


This query is : Resolved 

19 June 2014 Income on Capital Gain Bonds should be taken as Interest on Accrual Basis or Long Term Capital Gain at time of redemption after three years?

19 June 2014 interest is paid every year and as to be accounted for as income from other sources.

Rupesh Jain (Expert)
19 June 2014 interest on Capital gold bond u/s 54EC paid yearly then you have to show as interest income every year in his return.

24 June 2014 on reciept basis and under income from other sources.


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