Are rbi bonds tax free?
Score: 4.9/5 (30 votes) (i) Income-tax: Interest on the Bonds will be exempt from Income-tax under the Income-tax Act, 1961. (ii) Wealth tax: The Bonds will be exempt from Wealth-tax under the Wealth- tax Act, 1957.Is RBI bonds taxable?With the government maintaining status quo on interest rates of ...