Maturity Amount of Bonds under 54EC
RAHUL RAJU (127 Points)
14 August 2024
Do bonds which mature after 5 years under Section 54EC are taxable or exempt?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 14 August 2024
Interest is taxable on accrual basis every year.
sabyasachi mukherjee
(27574 Points)
Replied 18 August 2024
Sec 54EC
under infrastructure bonds are taxable or exempt.
under infrastructure bonds are taxable or exempt.
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