Maturity amount received from tax saving fixed deposit i
This query is : Resolved
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.
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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