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Interest read on rec bonds taxable or exempt

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(Querist)
27 July 2014 Interest recd on REC BONDS whether taxable or exempt
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 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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