Interest on fd

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2014 interest on FD taxable on receipt basis or accrual basis in the case of individual salary employee.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

28 September 2014 Taxable on accrual basis. You can get the details from 26AS and also obtain interest certificate from bank. Offer FD interest for Tax and claim TDS thereon on accrual basis.

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2014 sir
interest earn on accrual basis on FD taxable as a income from other sources on yearly basis.

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2014 sir
interest earn on accrual basis on FD taxable as a income from other sources on yearly basis.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

28 September 2014 Yes. Taxable under the head income from Other Sources on yearly basis.

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2014 Thanks sanjay sir for reply my question.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

K.M. AGGARWAL

C G K MURTHY

Ishwar Radhakisan Tawani

Vinod Dharwarkar

manojkumarkk

Subscribe Now

Interest on fd

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

CA Final

Article Assistant

GST CONSULTANCY

Accountant

GST CONSULTANT