NHAI TAX FREE BOND interest TAXABILITY

Dear Sir,
I have purchase NHAI TAX FREE BOND ON THIS I HAVE RECD INTREST SO IT IS TAXABLE?

BEST REGARDS
ASHISH
Replies (3)
Quick Summary
This discussion clarifies the taxability of interest earned from NHAI Tax Free Bonds. The interest received from these bonds is indeed tax-exempt. This exemption is provided under Section 10(15), Item (h) of sub-clause (iv) of the Income-Tax Act, 1961.

Not taxable....

 

THANK FOR YOUR REPLY.  IF NOT TAXABLE THEN WHICH HEAD IT IS EXUIMPT.

 

Best Regards

Ashish

SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 

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