Tax on fd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2013
SIR/MADAM, FD IS MADE THROUGH SAVING ACCOUNTS AND BANK DEDUCT TAX AS AND WHEN INTT AMOUNT EXCEEDS RS. 10000/-. IF AMOUNT IS LESS THAN RS. 10000/- IS IT TAXABLE OR NOT
30 July 2013
interest income from fixed deposit and also saving bank is taxable under the head income from other sources..
however you can get deduction for interest on saving bank under Sec.80TTA which should be lower of Rs.10000 or interest on saving bank
however you can get deduction for interest on saving bank under Sec.80TTA which should be lower of Rs.10000 or interest on saving bank
30 July 2013
FD interest is taxable irrespective of the amount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR -1 Filing
- TWO FIRM NAME IN ONE GST NUMBER
- Section 54 f disallowed will be taxed at what rate
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Transfer of rectification rights to ao
- Which ITR application
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Form 16 Issues
- IGST Refund pending since June 2022.
- Eway issued more than one
- SALES MADE THROUGH E COMMERCE OPERATOR 9(5)
- Igst utilisation query
- Section 12A(1)AC
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
Trending Online Classes
CAclubindia
