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TAX ON RECURRING DEPOSIT

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(Querist)
23 December 2016 I AM PAYING TAX YEARLY ON THE INTEREST OF MY RECURRING DEPOSIT A/C WHILE FILING ITR -1. SHALL I HAVE TO ALSO PAY INTREST ON WITHDRAWING THE AMOUNT ON MATURITY OF THE R/D A/C??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 December 2016 No need of tax payment on maturity as accrued interest on RD is already considered in yearly return.
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MANJIT

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MANJIT (Querist)
23 December 2016 thank you Sir..
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