06 July 2020
Hello All Experts and CA's I am Sanjay and want your advise. I have invested in perpetual bonds in Sept 2019 for Rs.300000. The company give me interest for Rs.31500/- for the whole year in march 2020. My question is " what will be the amount of interest taxable in my hands"? Is it 31500/- or 15447/-...... Pl confirm . What will the taxability if I sell the bonds after 2 years? Pl advise. Regards
CAclubindia
