Poonawalla fincorp
Poonawalla fincorp

Interest on infra bond

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2010 Are infrastructure bonds Tax Free?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
16 November 2010 No, the interest received in these bonds is not tax free. The investor is liable to pay tax on the interest received
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CA Navin Jain

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CA Navin Jain (Expert)
16 November 2010 agree
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2010 Will TDS be deducted on these bonds?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
16 November 2010 No TDS shall be deducted on the interest received as these bonds are issued Compulsorily in Demat mode and shall be listed on NSE & BSE.
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CA Navin Jain

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CA Navin Jain (Expert)
16 November 2010 10% tds would be deducted on interest

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