Interest on idfc bonds
This query is : Open
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
Can any one suggest me about taxation of IDFC Bonds purchased in 2012. The interest is taxable or not?
Kindly advise.
Regards
Sanjay
CMA Ramesh Krishnan
(Expert)
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
Message likes :
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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
(Expert)
25 June 2013
Sec.80CCF has been discontinued from the financial year 2012-13
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