Taxable Bonds

Bonds or Debentures are generally issued by corporates, government for the purpose of raising money to fund their activities & projects. Bonds provide corporates & governments an alternate channel to meet their fund requirement. The tax implications of bonds defer depending on the type of Bonds, however these bonds are exempt from Wealth Tax under Wealth Tax Act, 1957.

Taxable Bonds

 

54 EC Bond Non Convertible Debentrue (NCD’s) Tax Saving Bond Sale / Purchase of Bonds