Exemption of interest on specified government savings instruments, identifying which receipts qualify as non-taxable under section 10(15)(i). Notification under section 10(15)(i) specifies government-issued securities, bonds, annuity and savings certificates and deposits whose interest, redemption premium and other payments are exempt for assessment year 1989-90 onward. The Table lists instruments-various National Savings and Post Office certificates, Defence Gold Bonds, Special Bearer Bonds, treasury deposits and fixed-deposit schemes-and states the maximum amount of such receipts eligible for exemption, with most entries covering the whole amount and limited caps for particular Post Office account categories.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption of interest on specified government savings instruments, identifying which receipts qualify as non-taxable under section 10(15)(i).
Notification under section 10(15)(i) specifies government-issued securities, bonds, annuity and savings certificates and deposits whose interest, redemption premium and other payments are exempt for assessment year 1989-90 onward. The Table lists instruments-various National Savings and Post Office certificates, Defence Gold Bonds, Special Bearer Bonds, treasury deposits and fixed-deposit schemes-and states the maximum amount of such receipts eligible for exemption, with most entries covering the whole amount and limited caps for particular Post Office account categories.
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