Query about tax treatments of rd
Querist : Anonymous
Can anyone pls tell me what is the tax implications of Interest on Recurring Deposits. I guess there is no TDS ptovision for that. It means we have to seperately show that interst as Income from other sources and pay tax ourselves? I need some elaborate details in this matter. Hope there will be someone to help me out.
Advance Thanx..
Interest on TDS will be shown in the income tax return of the assessee and the amount is charged to tax as per the slab rate of the assessee.
In other words, interest from RDs during the year will be taxed as Income from other sources. Assessee will add this to his taxable income and apply the relevant slab rates
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- E way bill for tractors
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
