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Interest on idfc bonds

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sanjay (Querist)
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24 June 2013 Hello All
Can any one suggest me about taxation of IDFC Bonds purchased in 2012. The interest is taxable or not?
Kindly advise.
Regards
Sanjay

TKKKKKK (Expert)
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24 June 2013 Yes interest on IDFC bonds is taxable.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 June 2013 IDFC has tax free and tax saver bonds, please check the scheme, incase tax free or tax saver then interest is exempted

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TKKKKKK (Expert)
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25 June 2013 Investment in idfc bond is eligible for deduction u/s 80ccf. but interest on the bond is taxable.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 June 2013 Sec.80CCF has been discontinued from the financial year 2012-13

TKKKKKK (Expert)
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26 June 2013 thanx for information ramesh sir....

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