Tax on 5 years tax savings f/d
This query is : Resolved
30 January 2013
I want to know what will be income tax on 5 years Tax Savings Bank Fixed Deposit.
Will it be a long term capital gain or will it be treated as normal income.
Thanks
Will it be a long term capital gain or will it be treated as normal income.
Thanks
31 January 2013
Interest earned on these fdr are only taxable....it will be taxed on accrued basis..I.e. every year
31 January 2013
Dear Friend, Interest on FD will be taxable as Income From Other Sources subject to ceiling Rs. 10,000 pa.
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