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Interest on rec bonds

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(Querist)
08 July 2014 Is the interest on REC bonds exempted ? If yes under which section ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 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.

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