Is interest on REC Bonds received is exempt u/s 10 (15) and if yes whether there is any restriction on amount of interest.
Replied 20 June 2013
INTEREST ON REC BONDS IS TAXABLE.
Interest on rec bonds is taxable.
Yes, you are right.
Thanx ritu mam.
Replied 14 August 2015
Replied 11 October 2018
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