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
2 Replies
Amir
(Learner)
(4016 Points)
Replied 09 January 2010
Dear Sai,
Interets on REC bonds acquired under 54EC IS TAXABLE AS INCOME FROM OTHER SOURCES...
SUCH INTEREST IS NOT EXEMPT...
FULLY TAXABLE..
C.Balaji
(Learner)
(1867 Points)
Replied 13 January 2010
Interest on REC bonds is taxable under IFOS.....
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