Tax treatment on redemption of proceeds of recurring deposit
This query is : Resolved
sachin Alwadhi
(Querist)
24 August 2019
Please guide tax treatment on redemption of proceeds of recurring deposit and interest income
CMA Ramesh Krishnan
(Expert)
24 August 2019
Interest will be taxable under income from other sources, principal already taxed earlier hence not taxable on withdrawal
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