Rd interest and maturity amount
This query is : Resolved
17 May 2016
HI,
IS RD INTEREST RECEIVED FROM BANK/POST OFFICE TAXABLE?
MATURITY AMOUNT IS TAXABLE OR NOT?
IS RD INTEREST RECEIVED FROM BANK/POST OFFICE TAXABLE?
MATURITY AMOUNT IS TAXABLE OR NOT?
Murtaza I Bhagat
(Expert)
17 May 2016
RD interest is taxable as income form other sources.
KAVIRAJA ADDANGADI
(Expert)
17 May 2016
Yes,RD interest is taxable Under income from other sources.
Neeraj Sharma
(Expert)
17 May 2016
only interest part of RD will be taxable income... under the head of Incone from Other sources..
Amol S Joglekar
(Expert)
18 May 2016
Interest on RD is taxable. The maturity amount includes both Interest + Principal, The principal is not taxable.
18 May 2016
WILL TDS PROVISIONS APPLY?
WHETHER IT WILL MAKE ANY DIFFERENCE IF RECEIVED FROM BANK/PO
WHETHER IT WILL MAKE ANY DIFFERENCE IF RECEIVED FROM BANK/PO
Murtaza I Bhagat
(Expert)
18 May 2016
No difference taxability will be same on RD interest.
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