interest on REC Bonds chargeable to tax or not
This query is : Resolved
CA Mayur Sojrani
(Querist)
01 April 2009
HELLOW MY FRIENDS , I WANT TO ASK WEATHER INTEREST ON REC BONDS ARE CHARGEABLE TO TAX OR NOT .IF NOT THEN WHAT IS THE BEST WAY TO SAVE TAX ON LONG TERM CAPITAL GAIN
PLZ REPLY FAST ..........
PLZ REPLY FAST ..........
01 April 2009
9% and 10% bond of REC are exempt.
Invest in the asset prescribed u/s 54 EC and 54F.
Invest in the asset prescribed u/s 54 EC and 54F.
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