Hi Friedns
Before 7 years i had invested in pan card clubs ltd. Rs 24950/- & the has been matured in last year (i.e 2011-12) recd Rs 49300/- . My query is regarding the amount i recd on maturity it is taxable?
Awaiting for your reply
Regards
Chetan
chetan (accountant) (321 Points)
27 July 2012Hi Friedns
Before 7 years i had invested in pan card clubs ltd. Rs 24950/- & the has been matured in last year (i.e 2011-12) recd Rs 49300/- . My query is regarding the amount i recd on maturity it is taxable?
Awaiting for your reply
Regards
Chetan
swapnil
(CA Final)
(598 Points)
Replied 11 December 2012
dear chetan,
the maturity amount is fully taxable. there is no any exemption available to you .
CAclubindia
