FD of my mother liquidated and wrongly tranfsered to an account of 30 percent IT slab

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
Replies (2)
Quick Summary
A user's mother's fixed deposit (FD) was mistakenly liquidated and transferred into their personal account, where they fall into the 30% tax bracket. They are seeking advice on whether the entire liquidated amount is taxable or if there are ways to mitigate the tax liability. The key point is that tax is typically only applied to the interest earned on the FD, not the original principal amount.

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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