Tax on Interest paid on NHAI Bonds

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  1. shaheenazk

    shaheenazk New Member

    Is the 6% interest paid by NHAI on its bonds taxable? Is the interest credited to bank accounts of investors annually in march or after 3 years? If bonds bought in July then the interest to be credited will be calculated for 8 months or 12 months by NHAI?
     
  2. V K Khanna

    V K Khanna Active Member

    1) Interest paid on NHAI Capital Gain Bonds are taxable.
    2) Interest is payable annually on the first bank working day of April every year and on the date of redemption.
    3) The first year interest will be from the Date of Allotment to 31st March the following year, by the NHAI.
     
  3. shaheenazk

    shaheenazk New Member

    Thank you for the reply. It's highly appreciated.
     
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