Ltcg
This query is : Resolved
24 March 2016
Is the maturity amount of the long term capital gains bonds (NHAI/REC) after 3 years is taxable?
6% interest p.a. is taxable. What about face value of bonds after 3 years?
6% interest p.a. is taxable. What about face value of bonds after 3 years?
25 March 2016
Dear
The interest earned on the NHAI/REC bonds is taxable under the head income from other sources.
On maturity no capital gain will arise as the maturity value is at par.
I.e issue price and maturity value is same.
The interest earned on the NHAI/REC bonds is taxable under the head income from other sources.
On maturity no capital gain will arise as the maturity value is at par.
I.e issue price and maturity value is same.
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