banner_ad

Sardar Sarovar Bond maturity

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 March 2009 hi,
I want to know the tax liability status for sardar sarovar bonds. Maturity value of these bonds are taxable under capital gains or It is a interest income.
Profile Image

CA JAIMIN TRIVEDI

Profile Image

CA JAIMIN TRIVEDI (Expert)
26 March 2009 The amount recd on maturity of Sardar sarovar bonds is taxable as interest income. The amount taxable would be the difference between the face value (Rs.3600) and maturity value (Rs.50000), i.e. Rs.46400 is taxable as interest income.
Profile Image

arif

Profile Image

arif (Querist)
27 March 2009 thanx
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details