Can anyone pls tell me if interset on fixed deposit by an apartment society out of it's corpus from members taxable?It's urgent. Ref. Sec44A
Menu
interest on fixed deposit of an apartment society whether ta
Replies (1)
Yes, It is taxable... Although the surplus earned by a society isn't taxable, i guess, the interest on fixed deposit is taxable under Income from other Sources...
Recent Topic
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
Related Topics
CAclubindia
