Interest on idfc bonds

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Article assistant
159 Points Posted on 20 July 2013

Hi All,

Can i know the tax rate applicable on interest recd on IDFC bonds. Please clarify with sections.

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On 20 July 2013 at 10:46 Report
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Chartered Accountant
4780 Points Posted on 20 July 2013

The Interest received on IDFC Bonds is taxable under the head Income from Other Sources.

TDS can be deducted on interest received on IDFC Bonds @ 10%.

 

Regards,

Devendra Kulkarni

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On 20 July 2013 at 11:32

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