Kindly let me know the tax treatment for the interest received from listed taxable corporate bonds.
Face Value of Bond: 1000
Coupon Rate: 8 % per year payable on 31 March every year
Bonds bought: 200 bonds bought from stock exchange on 1 March 2020 at a rate of 1070 per Bond
Interest received: Rs. 16000/- on 31 March 2020
Question: Tax to be paid on actual total interest received of Rs. 16000/- or tax to be paid on interest for one month from 1st of March till 31 March 2020
Thanks