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Recurring deposit-taxable

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2016 Hello,

I want to know that if the amount ReCeived after maturity of Recurring deposit in bank. the Interest part is taxable . if the TDS is Not dedCuted by bank.

the ReCuring Deposit- 10000 Pm . amount received in 2015-16 Rs-228137. is this is amount Taxable in this YEar.

Thanking you
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Rupesh Jain

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Rupesh Jain (Expert)
13 June 2016 you can take intt. either receipts basis or on accural base. in 2015-16 you can show intt income under income from other sources.
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