banner_ad

Taxability of Interest on REC Bonds (54EC)

496 views 3 replies
Hello,

I wanted to know whether interest on REC Bond taxable or not. If not then under which section. Is it under 10(15)?
Replies (3)
on going through certain articles, it's mentioned as taxable
https://www.incometaxindia.gov.in/Pages/utilities/Tax-Free-bonds-or-Certificates.aspx
As per above notification it is exempt.
What are your opinions on this?
The following shall be eligible to subscribe to the bonds:—
(a) Retail Individual Investors (RIIs);
(b) Qualified Institutional Buyers (QIBs);
(c) Corporates.- (including statutory corporations), trusts, partnership firms, limited liability partnerships, Co-operative banks, regional rural banks and other legal entities, subject to compliance with their respective applicable legislations; and
(d) High Networth Individuals (HNIs).
Tenure of bonds.
2. The tenure of the bonds shall be ten, fifteen or twenty years.

in all these bonds, the lock in period is minimum 10 years.. for 54EC bonds, it's 3years.

I think these notifications are not applicable to your query. anyway let's wait for experts input


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details