Bond income is taxable?
This query is : Resolved
10 December 2008
whether reciept of amount u/s 54C i.e investment in bond , after 3 year is taxable and what about interest income received during the year on bonds
11 December 2008
1. The interest amount alone is taxable in accordance with the method of accounting followed by the assessee. The Principal amount is not taxable.
1. The interest amount alone is taxable in accordance with the method of accounting followed by the assessee. The Principal amount is not taxable.
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