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

10 August 2010 Transferability
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

10 August 2010 It would be taxable as long term capital gain in the year of withdrawl before maturity.


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