Income Type for interest from government bonds
This query is : Resolved
01 November 2024
Is interest earned from government bonds/bills invested through the RBI's retail direct platform considered "Income from Other Sources'" like FDs?
01 November 2024
Yes, unless specified as capital gains.
01 November 2024
On the RBI retail platform, a retail investor can buy 90/180/365 days treasury bills at a discount, and they mature at par, the difference being the interest earned. For example, T-bill bought at 98 would mature at 100. Would this difference be deemed as "Capital Gain" or "Income from other sources"? I suppose capital gain/loss would arise only when the bond is sold in the market.
01 November 2024
Correct. It can be declared u/h. IFOS.
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