Member Strength 15,12,428 and growing..
whether interest on Recurring Deposit is taxable or not??
Thanks in advance for ur reply...
ANY INTEREST FROM BANK DEPOSIT IS TAXABLE, IT INCLUDES SAVINGS BANK / RECURRING DEPOSIT/ FIXED DEPOSIT
ONLY EXEMPTION IS PPF ACOUNT WHERE THE INTEREST IS EXEMPT U/S 10(11)
TAX ON INTEREST IS DEDUCTED FROM FIXED DEPOSIT ONLY.
yes it is taxable
Your are not logged in . Please login to post replies
Click here to login
Click here to Register
Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.
Alternatively, you can log in using:
By clicking on "Create My Account"
you are agreeing to the
Terms of Service