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How does investing in municipal bonds impact my taxes?

Curious about Taxes Investment

How does investing in municipal bonds impact my taxes?

Investing in municipal bonds can have tax advantages for Indian investors. The interest earned on most municipal bonds is taxfree at the central level, meaning that it is not subject to income tax. However, there may be statelevel taxes on the interest income, depending on the state where the bond was issued.

It's important to note that tax laws are subject to change, and investors should consult a tax professional for advice on their specific situation.

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