Sgb interest income in itr

ITR 2010 views 5 replies

Hello

I am working in private concern and receive my Income as Salary. I have invested in Sovereign Gold Bonds and have received the Interest from the same.  I am not sure where I need to make a mention about this Interest Income in ITR-1. Please could some one advise on this.

Thanks

Vignesh

Replies (5)
Interest on SGB bond will be taxable according to the section 43 of the Act,1961
under the head income from other sources
capital gains on such bonds is exempt from tax

In the income from other sources s field it was mentioned as Ensure to fill “Sch TDS2” , please advise what needs to be updated under Sch TDS2 as it asks for TAN , Name of the Deductor

tds will not be deducted on such interest income so it need not be filled


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