What are government tax free NRI bonds?
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The investors under government tax free NRI bonds don't get any tax exemption, but the accumulated interest will be tax-free under section 10 (15) (IV) (h). The non-resident Indians (NRIs) can go for the claim deductions by making investment in REC and NHAI issued Capital Gain Bonds under Section 54Read more
The investors under government tax free NRI bonds don’t get any tax exemption, but the accumulated interest will be tax-free under section 10 (15) (IV) (h). The non-resident Indians (NRIs) can go for the claim deductions by making investment in REC and NHAI issued Capital Gain Bonds under Section 54 EC. These bonds also have a lock-in period of 3 years.
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