Buy back of Tax saving bond, Income Tax

[HARIKUMAR PG]

I invested ₹ 20000 in IFCI Infrastructure bond in FY 2011-12 and got redeemed it in FY 2018-19(buy back by IFCI). Whether the income earned is treated as Capital gain or interest income?

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

In my view it will not amount to capital gain. The interest accrued every year is liable to tax.