Interest on bonds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2013
DEAR SIR
PLEASE LET ME KNOW INTEREST RECD.ON 86TH SERIES TAX FREE BOND OF INDIAN RAILWAY CORPORATION IS TAXABLE IN INCOME TAX
PLEASE LET ME KNOW INTEREST RECD.ON 86TH SERIES TAX FREE BOND OF INDIAN RAILWAY CORPORATION IS TAXABLE IN INCOME TAX
20 December 2013
it is exempt under 10(15)(iv)(h) 0f the income tax act 1961.
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