Intt. recd from nhai bond invested for longtermcap.gain
This query is : Resolved
21 February 2016
I WANT TO KNOW THE INTEREST INCOME FROM NHAI BOND INVESTED FOR SAVING TAX FOR LONG TERM CAPITAL GAIN
21 February 2016
The interest income from NHAI bonds is generally taxable - except if exempted specifically as in the recent tax free bond issued in December 2015. Whether that bond qualifies for exemption investment under section 56 of I.T.Act 1961 is not known to me.
But interest income of the Tax Saving Bonds issued by NHAI is taxable.
But interest income of the Tax Saving Bonds issued by NHAI is taxable.
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