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Annual interest and interest on maturity

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(Querist)
09 July 2014 Dear Sir, Is the interest received on maturity of REC Bonds exempted ? Is the interest received on annual basis exempted ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 July 2014 exempt u/s 10(15)(iv)(h) of the Income Tax Act, 1961

Please also check the bond paper and see if the bond interest exemption is granted under above section.

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