banner_ad

Fd interest - is it capital gain?

Tax queries 440 views 4 replies
Is FD interest considered as (short term) capital gain? If yes, can loss under future/options set off against FD interest for income tax purpose? Also, since tax on FD interest is to be paid on accrual basis how it can be set off against STCL in F&O?
Replies (4)

No FD interest is taxable as income from other sources. Income(+ve or -ve) is chargeable as business income and not under capital gains. FD interest can be set off against business loss

Its Interest income, not under CG.

IF a debt mutual fund is sold (lets say in less than 3 years of buying it is sold) then that short term gain can it be set off against losses in shares futures/options?

Yes the loss in F&O can be set off against STCG


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details