I have invested in RBI Bonds and I have selected Cumulative Option
whereby Interest along with the principal amount will be received by me
at the end of six years. I want to know when will the tax be deducted
on the Interest. Will it be every year or at the time when I receieve
the entire amount after six years? Thanks in advance.
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When is Tax Deducted at Source on Bonds
Replies (5)
At the time of maturity !
At the time of maturity
Under sec.194(A) when we receive interest along with principal in RBI Bond The interest is taxable at the time of Maturity That's why TDS is Deductible only on Maturity
But what will happen If it would be FD in Bank & We wre depositing Interest in R.D.??????
at the time of paying int. tds yearly subject to monetary limit o f rs. 5000
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