hi all,
vry gud mng:-)
Is the interest received on the REC bonds acquired U/s 54EC of the Act exempted or deducted? If so under which section of the Act?
KRISHNA
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Interest on REC bonds
Replies (2)
Dear Sai,
Interets on REC bonds acquired under 54EC IS TAXABLE AS INCOME FROM OTHER SOURCES...
SUCH INTEREST IS NOT EXEMPT...
FULLY TAXABLE..
Interest on REC bonds is taxable under IFOS.....
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