I had invested in Infrastructure Bonds under Section 80CCF in year 2011, which matured last year. I received the maturity sum, which included the deposit and the interest earned. What will be the tax treatment on the maturity?
Ram Kumar, Hyderabad
The tax treatment on the maturity gains, especially the interest earned will fall under the head ‘Income from other sources’ and you will pay the tax on this gain based on the income tax slab in which you fall.
