Hello friends,
An assesse invested in Rural Electricfication Bonds for availing the benefit of capital gains exemption U/s 54
Subsequently, he received interest from the said investment.
Now such interest is exempted or taxable, please quote section if possible
Regards,
Kiran Kumar V
HELLOW,
INTEREST ON SUCH INVESTMENT IS NOT EXEMPTED UNDER ANY SPECIAL SECTION SUCH AS 10(15), 10(32) HENCE IT IS TAXABLE...............
(pls correct me if nything wrong)
yes it will be taxable,it is not exempted one....
Ya interest on the investment in REC bonds is surely a taxable income
Thanq Friends
CAclubindia
