if a person received fixed deposit amount before date of maturity. The amount received falls under which head of income and any other dealing.
Singh Kamboj (396 Points)
19 August 2018if a person received fixed deposit amount before date of maturity. The amount received falls under which head of income and any other dealing.
Singh Kamboj
(396 Points)
Replied 19 August 2018
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 19 August 2018
The principal so received doesnt fall under any head of income. Its mere repayment of principal amount.
Interest or excess received (if any) would fall under the head Income from Other Sources.
Piyush Shirodkar
(CA Final Student)
(1358 Points)
Replied 19 August 2018
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