Taxability of interest on rec infra bonds
This query is : Resolved
CA Sanjay Baheti
(Querist)
21 July 2014
Dear Experts,
Please Let me confirm whether Interest on REC INFRA BONDS which was invested under Section 80CCF of I.T.Act when same was available for deduction maximum up to Rs.20000/- is taxable or not int his hands relevant to Asstt.Year in which the same was received.
Please Let me confirm whether Interest on REC INFRA BONDS which was invested under Section 80CCF of I.T.Act when same was available for deduction maximum up to Rs.20000/- is taxable or not int his hands relevant to Asstt.Year in which the same was received.
CA Parul Saxena
(Expert)
21 July 2014
interest is taxable.
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