Maturity amount received from tax saving fixed deposit i
This query is : Resolved
chillakuru chaitanya
(Querist)
08 April 2013
An amount of Rs 7,803 is maturity amount from the fixed deposit of Rs 5,000 deposited in 2008 as a Tax saving instrument which matured in March 2013. which amount i have to show as taxable earnings. Full amount of Rs.7803 or Rs.2803 only and whatever the answer is as per which section.
SANJAY TALATI
(Expert)
09 April 2013
Interest amount of Rs. 2803/- is your income.
The interest earned on the tax savings fixed deposit scheme is exempt.
The interest earned on the tax savings fixed deposit scheme is exempt.
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