NHB Capital Gain Bonds exempt or not?
This query is : Resolved
02 June 2010
Hey Friends,
Could you please tell me whether The Interest received on The National Housing Bank (NHB) Capital Gain Bonds is exempt.. The Interest rate is 6%. & also, the interest is received through cheque. Please let me know if any provisions regarding this are there. Thank you. - Shashank
Could you please tell me whether The Interest received on The National Housing Bank (NHB) Capital Gain Bonds is exempt.. The Interest rate is 6%. & also, the interest is received through cheque. Please let me know if any provisions regarding this are there. Thank you. - Shashank
deepak K Gujrati
(Expert)
02 June 2010
The interest received on captal gain bond is taxable.
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