Annual interest and interest on maturity
This query is : Resolved
09 July 2014
Dear Sir,
Is the interest received on maturity of REC Bonds exempted ?
Is the interest received on annual basis exempted ?
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.
Please also check the bond paper and see if the bond interest exemption is granted under above section.
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