Hi All,
Can i know the tax rate applicable on interest recd on IDFC bonds. Please clarify with sections.
1 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 20 July 2013
The Interest received on IDFC Bonds is taxable under the head Income from Other Sources.
TDS can be deducted on interest received on IDFC Bonds @ 10%.
Regards,
Devendra Kulkarni
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