Interest on F.D.

under which head of income interest on F.D. Taxable?

Replies (7)

Income from Other Sources.

Mehul,, m really sorry to say this, bt u r CA FINAL STUDENT, and u askin sch Question?????

M bit amased, coz its one of d most basic things...

 

Nywz, if u passed pe-2 or pce, then keep on updating all that u studied.. it really helps.. i do it too

Income from other sources.

obviously other source

MEHULLLLLLLLLLLLLLLLLLLL.......................... this is really very sorry on your part that you are asking such type of silly questions. I do not expect this from you. You have also spoiled our name and name of JINDAL.

Have you skipped Income From Other Sources in PCC?????????????

What is this MEHULLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL?

i think mehul is taking dummy practice otherwise he cant ask that type of question'

depends on what type of an FD it is  , if term deposit , then IFOS , if its a current a/c  sweep FD , then its business income.

Request to other members : Guys pls dont ridicule anyone if he has a doubt , remember being a CA student or a CA we have to keep on learning all our lives . A doubt is a doubt , no matter how big or small . Wish you guys all the good luck in your lives.

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