Yes, the interest earned on IRFC-REC-PFC Capital Gain Bonds is taxable as per the Income Tax Act, 1961. The interest income from these bonds is considered as “Income from Other Sources” and is subject to taxation as per the individual’s applicable income tax slab rate.
Click here for more details about IRFC Capital Gain Bonds
Click here for more details about REC Capital Gain Bonds
Click here for more details about PFC Capital Gain Bonds
