is fd matured income
This query is : Resolved
09 December 2009
if fd is matured & received full amt of fd then that income is chargable ? if yes , under what head
Shyam Lal Naik
(Expert)
09 December 2009
Interest income earned from fixed deposit is chargable to Income Tax under the head "Income from other sources".
09 December 2009
if fd is matured & received full amt of fd then that income is chargable ? if yes , under what head ( i,e the original amt of fd & not interest )
Aditya Maheshwari
(Expert)
09 December 2009
Principal amount received back on FD maturity is not taxbale. Only interest received is taxable
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