Tax liability

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2 Points Posted on 11 October 2020
Is interest income earned from Govt bonds taxable
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On 11 October 2020 at 07:03 Report
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This discussion clarifies the tax liability on interest earned from government bonds, specifically addressing IDFC Infrastructure Bonds. It explores whether such income is taxable or tax-exempt, and if exempt, what the limits are. If the interest is not tax-free, it will be declared under 'other sources of income'.

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Tax consultant
5895 Points Posted on 11 October 2020
Is it tax free bond if yes then exempt
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On 11 October 2020 at 08:28
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6 Points Posted on 11 October 2020
Is intt.income on IDFC INFRASTRUCTURE BOND TAXABLE?
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On 11 October 2020 at 12:01
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Tax consultant
5895 Points Posted on 11 October 2020
IDFC bonds are two types earlier they are not tax free bond later they gives tax saving bonds as I don't know if it tax free or not
if it is tax free then see the limit of that amount that will be exempted
again if it is fully tax free then fully exempted
again if it is not tax free then the interest will be treated as income and you will show it in others source of income
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On 11 October 2020 at 12:14

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