TAX ON NON CONVERTIBLE DEBENTURES, Income Tax

[vinod p]

Hello,

I have invested in NCD in my wife's name with Muthoot Fincorp in the year 2013. It matures in the year 2018. As per the nature of the NCD, my investment is locked in for five years and I have not payed any tax on the interest earned till now( I am not aware of the interest earned till date). I intend to pay tax on its maturity in the year 2018. The source of my investment is my pension as i am an ex defence personnel. Now, with many amendments in Income Tax laws, can I still stick to my plan of paying tax on maturity or should i make any changes to my plan. Please advise, as i find it hard to interpret the latest amendments.

vinod