25 March 2014
assessee has invested to get exemption under capital gain in capital gain bonds. During the year he has received interest on this investment of Rs.3,00,000/- is it liable for tax ?.
25 March 2014
for that you need to check the status of the investment - whether it is tax free or not...there is no link with capital gains exemption with taxation of interest earned on such investments. (plz note that normally such bonds are tax free)
26 March 2014
I think interest on such tax saving bonds are taxable. Still check provisions given on body of certificate that whether interest earned is exempt or not
CAclubindia
