SBI gold bond interest

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Out of the following options under income from other sources. which options we should report the interest earned from SBI soveregin bond.  is it Others including interest from Companies,NBFCs & HFCs? Appreciate your help.

-In the nature of Pass through income/ loss

-Interest accrued on contributions to providentfund to the extent taxable as per first proviso tosection

-Interest accrued on contributions to providentfund to the extent taxable as per secondproviso to section -Interest accrued on contributions to providentfund to the extent taxable as per first proviso tosection

-Interest accrued on contributions to providentfund to the extent taxable as per secondproviso to section -Others including interest from Companies,NBFCs & HFCs

Replies (1)

To report SBI Sovereign Gold Bond interest in your ITR, choose the option "Others including interest from Companies, NBFCs & HFCs" under the Income from Other Sources schedule. The interest is fully taxable under your regular income tax slab, though no TDS is deducted by the bank.

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