CA PRASAD KSHIRSAGAR (CA Practice ) (148 Points)
21 December 2013Dear All,
The interest received on Rural Electrification Bond by the assessee, is it taxable as income from other sources?
Can I have any clarification? Is it taxable income or exempted income for assessee?
Kindly reply
CA PRASAD KSHIRSAGAR
Mihir
(Wealth Manager)
(5293 Points)
Replied 21 December 2013
CA PRASAD KSHIRSAGAR
(CA Practice )
(148 Points)
Replied 21 December 2013
Dear Mihir,
Many thanks for your kind reply.
Regards
CA PRASAD
Meraj Ahmad
(Article)
(38 Points)
Replied 21 December 2013
Is it 80C deduction availeble in belated return 139(4) or not...
if yes, for nil return is it deductable ?
CA PRASAD KSHIRSAGAR
(CA Practice )
(148 Points)
Replied 21 December 2013
Dear Meraj,
I think there is no section 80C applicable to the interest received on REC bonds. However, you may give input if you have any circular reference.
Regards..
CA PRASAD
Meraj Ahmad
(Article)
(38 Points)
Replied 21 December 2013
thankk you sir for your reply...
my question is-
1. is it 80c deduction availeble in belated return u/s 139(4)?
2.If yes, for nil return also 80c deductabel?
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