Tax free bond
This query is : Resolved
13 July 2015
what is tax free bond?
13 July 2015
it means the capital sum invested will not be taxed like sec54EC REC or NHAI Bonds
13 July 2015
Tax Free Bonds {U/S 10 (15) (iv) (h)} Risk-averse investors now have new options to park their money. The interest earned on these bonds will not be subject to income tax. The interest on these bonds will be paid annually (for example 31st March every year) by credit into the account of the investor.
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