Sardar sarover Narmada Bond is purchased in 1995 for 5000 now under compulsory redumption bond gives 50000. Please give tax treatment for the same.
CA CHINTAN AJMERA
(Chartered Accountant)
(2987 Points)
Replied 17 December 2008
if u pay the tax then send only redumption form with certificate and tds deducted by the goverment. and if u not paid the tax then send 2 copy of 15g with redumption form and certificate