Menu
Capital Reciept
does a maturity of a Fixed Deposit amount to a capital reciept.
Replies (8)
Yes it is a capital receipt
No, it's a revenue receipt and always taxable!
Ideally not a capital reciept. For more clarification in depth kindly refer below mentioned link which i have gone through, appropriate reply is given.
https://imazzea.biz/forums/thread/5/
(you can login through through your id our can create a new one)
Ideally not a capital reciept. For more clarification in depth kindly refer below mentioned link which i have gone through, appropriate reply is given.
https://imazzea.biz/forums/thread/5/
(you can login through through your id or can create a new one)
I think only interest will be taxable
Yes Palak you are right now. You login to imazzea and refer the link mentioned below, which i have gone through.Proper reply is given
https://imazzea.biz/forums/thread/5/
Regards
Mahesh
no it's capital receipt and not taxable
Principal amount is capital receipt and what we receive on it, interest is taxable...
Recent Topic
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
Related Topics
CAclubindia
