Taxability of interest and maturity value of bonds u/s 54ec
This query is : Resolved
22 January 2015
Dear expert,
If the LTCG invsted in bonds u/s 54EC (NHAI Bonds @ 6% coupon rate, lock in period 3 years),
1. What is the taxability of annual interest?
2. Is there any taxability on bonds after maturity of 3 years?
3. Is there any compultion that the bond maturity value to be invested to any specific mode?
If the LTCG invsted in bonds u/s 54EC (NHAI Bonds @ 6% coupon rate, lock in period 3 years),
1. What is the taxability of annual interest?
2. Is there any taxability on bonds after maturity of 3 years?
3. Is there any compultion that the bond maturity value to be invested to any specific mode?
22 January 2015
1.fully taxable under head income from other sources.
2.no as its capital amont recived back after 3 years.
3.no
2.no as its capital amont recived back after 3 years.
3.no
Message likes :
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23 January 2015
intt will taxable .
amount not taxable if you withdraw after lock in period.
amount not taxable if you withdraw after lock in period.
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