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Recurring deposit amount on maturity

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(Querist)
17 January 2013 Sir,

Weather Amount Received On Maturity of Recurring Deposit From Post Office is Taxable or not.

Weather TDS Is applicable on this amount?

Regards,
Chirag Doshi
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 January 2013 Interest on RD wit Post office taxable under Income from other sources.only interest portion taxable and if the interest amount exceeding Rs.10000/- then TDS apply as per section 194A
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anurag

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anurag (Expert)
18 January 2013 Yes, it is taxable.




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