Interest income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2013
Hello Friends
i just wanted to know whether Interest income frm REC n NHAI bonds is taxable???or not??
i just wanted to know whether Interest income frm REC n NHAI bonds is taxable???or not??
31 July 2013
i) If investment in such bond is made to avail capital gains exemption u/s 54EC, then interest on such bond is taxable as per the Income tax Act,1961.
ii) Whereas interest on Infrastructure tax free bonds are not taxable.
ii) Whereas interest on Infrastructure tax free bonds are not taxable.
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