I have two question
1) taxability of interest income on NHAI bond claim exemption u/s 54EC against LTCG on transfer of immovable property (i.e. Land) ?
2) Taxability of interest income on NHAI Tax free bond?
Int will be recived without TDS in your bank AC on dates as declared in applications form.Same intrest will be taxable as good as FD int is taxable
On maturity principal amt is Tax free ( int part always taxable as and when RCD)
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