tax on fixed deposit interest
This query is : Resolved
AMIT KUMAR CHAUDHARY
(Querist)
26 July 2008
whether interest accrued fixed deposit in shedule bank for 5 years in income tax saving scheme is taxable or not?
26 July 2008
It is taxable
26 July 2008
Yes. it taxable..
That is why tax payer prefer ELSS saving; which return is TAX FREE.
WISE tax payer not only claim exemption. but also choose better investment..
Be a SMALL investor; but Be a SMART investor too..
That is why tax payer prefer ELSS saving; which return is TAX FREE.
WISE tax payer not only claim exemption. but also choose better investment..
Be a SMALL investor; but Be a SMART investor too..
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