Taxability of Interest on REC Bonds (54EC)

512 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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details