Can anyone help me with this question..
How to treat interest on recurring deposits with income tax act. Is it exempt and if it is under which section.
Menu
Interest on Recurring deposit.
Replies (3)
Taxable under head 'Income from Other Sources'
thank your for quick response... is it exempt by any section for a chance under chapter VI A
Not exempt under any section & added to taxable income on accrual basis .......
No particular deduction for RD interest under chapter VI A; except commonly available 80C, 80D, 80G etc.....
Recent Threads
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
Related Threads
CAclubindia
