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Tax on 5 years tax savings f/d

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(Querist)
30 January 2013 I want to know what will be income tax on 5 years Tax Savings Bank Fixed Deposit.

Will it be a long term capital gain or will it be treated as normal income.

Thanks
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CA ABHAY GUPTA

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CA ABHAY GUPTA (Expert)
31 January 2013 Interest earned on these fdr are only taxable....it will be taxed on accrued basis..I.e. every year
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CS, Deepak Pratap Singh

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CS, Deepak Pratap Singh (Expert)
31 January 2013 Dear Friend, Interest on FD will be taxable as Income From Other Sources subject to ceiling Rs. 10,000 pa.




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