FD in the name of my mother was liquidate and by mistake transferred to my account. I am in 30 percent tax slab. do I have to pay tax on entire amount liquidated or something can be done to save tax.
Need assistance
thank you
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FD of my mother liquidated and wrongly tranfsered to an account of 30 percent IT slab
Replies (2)
Taxe is on interest income only. . original principal amount remains capital only. no tax on capital FD amount
Thank you Mr Parvin for sparing time to look into my query. have a great day. regards
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