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Interest on idfc bonds

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(Querist)
24 June 2013 Hello All
Can any one suggest me about taxation of IDFC Bonds purchased in 2012. The interest is taxable or not?
Kindly advise.
Regards
Sanjay
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TKKKKKK

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TKKKKKK (Expert)
24 June 2013 Yes interest on IDFC bonds is taxable.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 June 2013 IDFC has tax free and tax saver bonds, please check the scheme, incase tax free or tax saver then interest is exempted
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TKKKKKK

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TKKKKKK (Expert)
25 June 2013 Investment in idfc bond is eligible for deduction u/s 80ccf. but interest on the bond is taxable.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 June 2013 Sec.80CCF has been discontinued from the financial year 2012-13
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TKKKKKK

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TKKKKKK (Expert)
26 June 2013 thanx for information ramesh sir....

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