Tax treatment of Tax free bonds

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Daya

Daya (Querist)
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09 January 2023 Whether For tax free bonds , The interest is tax free U /s. 10(15) OF I.T ACT....

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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09 January 2023 Yes, any income generated by way of interest on these bonds is entirely exempt in the hands of the investor under Section 10 (15) of the Income Tax Act.

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Tax treatment of Tax free bonds

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