Interest on infra bond

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Querist : Anonymous

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16 November 2010 Are infrastructure bonds Tax Free?

16 November 2010 No, the interest received in these bonds is not tax free. The investor is liable to pay tax on the interest received

16 November 2010 agree

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Querist : Anonymous

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16 November 2010 Will TDS be deducted on these bonds?

16 November 2010 No TDS shall be deducted on the interest received as these bonds are issued Compulsorily in Demat mode and shall be listed on NSE & BSE.

16 November 2010 10% tds would be deducted on interest


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