Income taxable under aop

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2017 Dear Sir

Whether Fixed deposits interest on AOP is taxable or exempt. Please specify the section.

Thanking you

29 June 2017 Taxable. Inference - section 56(1).

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2017 Thanks Sir

But in section 56(1) its not specifically mentioned that bank fd interest is taxable


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