Interest on REC Bond Is Taxable Yearwise!

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REC Bonds purchased to get the benefit of Capital Gain Tax on redemption after 3 yrs. whether the amount will attract any kind of tax to be paid by me? mukund.m@……comThe REC bond can not be transferred within three years. Interest is payable annually on 30th June every year till date of redemption. Therefore ,interest…

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The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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