Taxation of interest recd by housing co-op society
This query is : Resolved
R. NAGAPRAKASH
(Querist)
10 November 2012
Please let me know that the taxation of interest received on FDs kept in Nationalised Banks in the hands of House building Co-Op Society
CA PARAS BAFNA
(Expert)
11 November 2012
Interest received from Nationalised Bank is taxable income.
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