I have two question
1) taxability of interest income on NHAI bond claim exemption u/s 54EC against LTCG on transfer of immovable property (i.e. Land) ?
2) Taxability of interest income on NHAI Tax free bond?
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Taxability of Interest income NHAI bond
Replies (4)
Quick Summary
Int will be recived without TDS in your bank AC on dates as declared in applications form.Same intrest will be taxable as good as FD int is taxable
On maturity principal amt is Tax free ( int part always taxable as and when RCD)
On maturity principal amt is Tax free ( int part always taxable as and when RCD)
1. FOR TAX FREE BOND, THE INTEREST IS TAX FREE U/s. 10(15) OF I.T ACT....
2. But both types of bonds have been discontinued from 1st April, 2022 by NHAI...
Treatment before 01.04.2022
Same is exempted
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