Taxability of maturity proceeds

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2015 Is the amount received at maturity exempt from taxation invested earlier to save capital gains in Capital gains exemption bonds uder Sec 54EC ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 July 2015 Principal portion of the maturity proceeds of 54EC bonds is tax free.

CMA Gul S

CMA Gul S (Expert)
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15 July 2015 Interest or any other income generated from the investment is taxable

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2015 I too agree with you opinion, but I could not find anywhere in any section or clarification / circular which can be very useful. Will be great if you can help with the same. Thanks again.