RD INT. Taxable on not


finance

Hi friends,,,

whether interest on Recurring Deposit is taxable or not??

pls. reply.

Thanks in advance for ur reply...

 
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glidor@gmail.com

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.

 
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CA IN PRACTICE

yes it is taxable                                         

 
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