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Querist : Anonymous

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Querist : Anonymous (Querist)
05 November 2012
If I invest in specified bonds under section 54EC, what is their period of retention, interest and liquidity?

What tax do I pay, on the interest only or on the capital/principal? If I decide to cash these, do I pay any other tax on the invested amount?
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CA Manish

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CA Manish (Expert)
05 November 2012 1. 3 years lock in period.
2. 6% coupen rate.
3. Interest is taxable but TDS wont be deducted.

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