Taxability of maturity proceeds
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2015
Is the amount received at maturity exempt from taxation invested earlier to save capital gains in Capital gains exemption bonds uder Sec 54EC ?
15 July 2015
Principal portion of the maturity proceeds of 54EC bonds is tax free.
15 July 2015
Interest or any other income generated from the investment is taxable
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2015
I too agree with you opinion, but I could not find anywhere in any section or clarification / circular which can be very useful. Will be great if you can help with the same. Thanks again.
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