15 April 2009
Dear Friends, We are in process of Invesing Rs. 50 Lacs in NHAI/REC Bonds u/s 54EC to save Income Tax on Capital Gain. We will get 6.25% interest pa on the same.
Will this interset Taxable in our hand? if yes, at which rate?
REC/NHAI has been given special exemption from deduction of TDS on the same.
CAclubindia
