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Interest on nhai bond

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(Querist)
16 August 2016 for financial year 2014-2015 and 2015-2016, questions are
1.) Interest on NHAI 54EC bonds is taxable or not
2.) If taxable, then suppose I receive interest amount of 1 lakh for financial year 2014-2015, but the amount is credited in my bank account after completion of financial year i.e. on 4th April 2015. My question is whether I should show this 1 lakh on return of financial year 2014-2015 or 2015-2016
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ALKESH T MEHTA

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ALKESH T MEHTA (Expert)
17 August 2016 1.Interest on NHAI 54EC bonds is taxable provided the limit is crossed.i.e.Rs.250000/-in general,Rs.300000/- for senior citizens & Rs.500000/- for super senior citizens.
2.Interest is received in the year 2015-16 & therefore you may show it in return of financial year 2015-16,if,necessary.
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