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whether difference between amount invested(20000/-) and maturity receipts(28720/-) is taxable as capital gains or interest income to be taxed under income from other sources. Investment is under long term infrastructure bonds with a lock in period of 5 years under cumulative option plan.
Replies (2)
Rs. 8720 will be taxable as Interest under Income from Other Source.
Thank you Sir for the reply.
Can you specify why is it taxable under income from other sources???
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