Can anyone pls tell me if interset on fixed deposit by an apartment society out of it's corpus from members taxable?It's urgent. Ref. Sec44A
Can anyone pls tell me if interset on fixed deposit by an apartment society out of it's corpus from members taxable?It's urgent. Ref. Sec44A
Yes, It is taxable... Although the surplus earned by a society isn't taxable, i guess, the interest on fixed deposit is taxable under Income from other Sources...
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