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 :
1 times
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TAX AUDIT ON PROFESSIONAL INCOME
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
