in order to avoid Capital Gains Tax, if some1 invests in 54EC bonds (REB/NHAI), then what will be the tax treatment whn the bonds mature aftr 3 yrs? as the bonds are supposed to carry some interest also. what will be the taxable?
2 Replies
PAWAN KUMAR
(PROFESSION)
(40 Points)
Replied 03 July 2008
Wheather deduction is allowed as per income tax act or not...........
if interest on Income tax have been paid and charged to P/L A/C of the company.
If yes then provide the sections................
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