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