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INTEREST FROM NHAI REC TAX SAVING BONDS

Tax queries 306 views 2 replies

Hi

 

I sold a property is Sept 2019, and invested part of the proceeds in NHAI / REC bonds to reduce my Capital Gains liability.

 

The first interest payment was paid into my SB account in April 2020.  I know that I have to  pay tax on the interest received.  My doubt is do I have to declare this amount in 

 

A.  Assessment year 2020/2021 (financial year 19/20)

                                OR

B.  Assessment year 2021/2022 (financial year 2020/2021)

 

 

Thankyou

 

Replies (2)
Since you have received the amount in F.Y. 2020-21 you have to declare the same while filling returns for Assessment year 2021/2022

Thank you, that is what I thought, but was not sure.


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