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NHB Capital Gain Bonds exempt or not?

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(Querist)
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
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deepak K Gujrati

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deepak K Gujrati (Expert)
02 June 2010 The interest received on captal gain bond is taxable.
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shashank

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shashank (Querist)
02 June 2010 Thanks a lot..
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