Tax on Interest earned on 54EC Bonds

Share
Share This Thread
  1. Bhasker Rao

    Bhasker Rao New Member

    Dear Sir,

    The information brochure of NHAI and REC inform about taxation of interest generated.

    After three years when the bonds are redeemed and payment is received by me, SHOULD I PAY TAX AND IF SO AT WHAT RATE ?

    Bhasker Rao
     
  2. Sumit Agarwal

    Sumit Agarwal Active Member

    Only interest received is taxable in Income from other sources @ normal tax rate. Your principal amount is not taxable.
     
  3. Bhasker Rao

    Bhasker Rao New Member

    Thank you. I can be sure that after I get back the principal after three years, the amount I receive is not taxable.

    Bhasker Rao
     
  4. Karan Batra

    Karan Batra Well-Known Member

    No Tax on Principal amount.

    Tax as per income tax slab rates on the Interest earned
     
  5. Bhasker Rao

    Bhasker Rao New Member


    Thank you Bhasker Rao
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Interest Earned on Fixed Deposit by Major Daughter on Income denoted by Father Income Tax Nov 3, 2017
interest earned whether to set off interest paid for acquiring equity shares Income Tax Oct 6, 2017
Query regarding interest earned from various sources Income Tax Oct 12, 2016
Interest Earned on Savings Account Income Tax Jul 26, 2016
Tax on interest earned on Sec 54 EC Income Tax Jul 22, 2016