Member Strength 16,10,639 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
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