Taxability of Interest on NCD`s, Income Tax

[Rajendra Pant]

Dear All,

My company have bought some NCD of Religare Finvest Ltd in September 2011 issue. Can somebody help me out that what would be the tax liability on interest income of above debentures.

Also need one more favour that which NCD`s interest income is partly / fully exempt from Income Tax.

Thanks

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.