Interest on refund at the time of allotment of tax free bond

This query is : Resolved 

30 March 2016 Is the Interest received on Refund at the time of allotment of Tax Free Bonds is tax-free?


30 March 2016 No, Interest on refund of application money is taxable.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Follow us


Answer Query