Tax on Interest earned on Capital Gain Bonds

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  1. yugandhar

    yugandhar New Member

    Residential Status: NRI

    He invested Rs.50,00,000/- in NHAI Bonds, he is getting interest income from those bonds. Whether interest income on bonds (re-invested in capital bonds) is Taxable or not?

    Generally Interest income from NHAI bonds (Tax-free Bonds under Section 10(15)).

    Please clarify my doubt.

    I will be thankful for your help.
     
  2. Karan Batra

    Karan Batra Well-Known Member

    The Interest received on Capital Gains bonds is taxable as per the Slab Rates.
     
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