respected sir/madam, I have a one Query, My client received Interest form NHAI (sec 54EC bond), but TDS not deducted on that. Can this interest income taxable or not, if TDS are not deducted on that.
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Quick Summary
This discussion addresses a query regarding the taxability of interest income received from NHAI (National Highways Authority of India) bonds under Section 54EC. The user's client received interest without TDS deduction and wants to know if this income is taxable. The general understanding is that TDS is not typically deducted on these specific bonds, and the taxability of the interest received is being clarified.