u/s 54EC
This query is : Resolved
10 August 2010
If i redemm bonds worth RS. 5 lacs before matuirty , 5 lacs will be deemed income
Please
How to Tax deemed income ? under which head ? plz tel the way for it
Plz Specify the clear statement for it
If i redemm bonds worth RS. 5 lacs before matuirty , 5 lacs will be deemed income
Please
How to Tax deemed income ? under which head ? plz tel the way for it
Plz Specify the clear statement for it
Aditya Maheshwari
(Expert)
10 August 2010
Transferability
The Bonds are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advance.
The Bonds are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advance.
10 August 2010
sir,
please specify the head and supporting statement for DEEMED INCOME TAXABLILITY
please specify the head and supporting statement for DEEMED INCOME TAXABLILITY
Aditya Maheshwari
(Expert)
10 August 2010
It would be taxable as long term capital gain in the year of withdrawl before maturity.
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