# Tax on Treasury Bills

**URL:** https://tradingqna.com/t/tax-on-treasury-bills/178306
**Category:** Taxation
**Created:** [January 15, 2025, 2:03pm UTC](https://tradingqna.com/t/tax-on-treasury-bills/178306 "2025-01-15T14:03:51Z")
**Posts on this page:** 1
**Showing post:** 5

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### Author: ![cvs](https://tradingqna.com/user_avatar/tradingqna.com/cvs/32/92503_2.png) [@cvs](https://tradingqna.com/u/cvs)
#### Post date: [January 21, 2025, 12:10pm UTC](https://tradingqna.com/t/tax-on-treasury-bills/178306/5 "2025-01-21T12:10:51Z")

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Thank you for the clarification.

There have been a couple of threads in the past that covered this topic - [[**1**](https://tradingqna.com/t/t-bill-interest-income-tax-section-in-itr-filing/169147)] [**[2](https://tradingqna.com/t/everything-you-need-to-know-about-the-taxation-on-stocks-mutual-funds-and-bonds/141813/13)**].  
But, they ended without any references to first-hand information.  
(eg. relevant section of the IT-act or circular/notification).

**Knowing this for certain could help simplify ITR-filing for some.**  
(eg. folks with no other capital-gain income can stick to ITR-1).

While everyone agrees that the rate of tax on T-Bills, is as per one’s tax-slab,  
the opinion is split on which of these 2 sections in the ITR (Schedule OS/CG) should one report the income.

> [@harshareddy](#):
>
> If you held the Treasury Bills to maturity,  
> report the income as interest under “Income from Other Sources”

@harshareddy do you have any first-hand references for this?  
(eg. relevant section of the IT-act or circular/notification).  
or is this based on opinions of experts CAs and what you have observed in-practice?  
_(just curious if we can put this topic to rest with an official confirmation)_

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