WebApr 13, 2024 · Updated On - 04 Apr 2024. According to the Income Tax Act, long-term capital gains (LTCG) are taxed. However, Sections 54, 54F, and 54EC allow you to receive a G tax exemption. While Sections 54 and 54F deal with using capital gains to buy a home, Section 54EC lets you buy notified government bonds and claim an exemption from LTCG tax. WebHere are some of the common issuers of Tax Free Bonds in India: 1. National Highway Authority of India (NHAI) 2. Power Finance Corporation Limited (PFC) 3. Indian …
Taxation on Gains from Bond Investment in India - GoldenPi
Web3. Public Provident Fund (PPF) The Public Provident Fund has always been a popular tax saving schemes amongst the taxpayer. One of the major reasons for this popularity is the fact that PPF falls under the category of exempt – exempt – exempt tax status. You can open your PPF accounts with a bank or post office. WebSep 16, 2024 · Tax-free bonds are financial securities issued by the government of India to raise funds for a particular purpose. It can be for the construction of a road or any other infrastructure. These bonds are absolute tax exempted under Section 10 of the Income Tax Act of India, 1961. industrial fire protection training
How are Bonds Taxed Under the Income Tax Act? - Wint Wealth
WebDec 22, 2024 · Income tax on interest earned from government bonds Interest received from government bonds is taxed like bank fixed deposits' interest income. That is, the interest … WebTax Free bonds or Certificates Back. SECTION 10 (15) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS, DEBENTURES, SECURITIES, ETC. - NOTIFIED … WebMay 30, 2016 · Suits those in higher tax slab: The tax-free nature of bonds suits those in the highest tax slab paying 30.9 per cent tax on their income. Say, a bank deposit carries 7.5 per cent return on it. As the interest on fixed deposit is fully taxable, the income gets added to one's total income. industrial fire protection inc columbus ms