SBI gold bond interest

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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