Can TDS (Tax Deduction at Source) be deducted from the interest amount of IRFC-REC-PFC Capital Gain Bonds?

No TDS will be deducted from the interest earned from these bonds. IRFC, PFC, and REC are exempt from TDS under Section 193 of the Income Tax Act, 1961. Interest is Taxable.

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When you think about finances, plans are created, organized, documented, and their advantages and disadvantages are considered. Then you decide which plan is the best to use. In the event that the original plan doesn’t pan out as expected, there is also a financial backup strategy. It’s referred to as a fall back plan.

When it comes to finances, it’s all about making well-thought-out plans, organizing them, and carefully weighing their pros and cons.

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