Dear 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
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Interest received on rec bonds tax treatment
Replies (5)
Yes, interest is taxable and assessed under income from other sources.
Dear Mihir,
Many thanks for your kind reply.
Regards
CA PRASAD
Is it 80C deduction availeble in belated return 139(4) or not...
if yes, for nil return is it deductable ?
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
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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