Interest received on FDR IS EXEMPT INCOME.?????
Which section /schedule it is falling
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Interest received on FDR
Replies (6)
It it not an exempt income unless total income falls within the exemption limit for the purpose of computation of income. Income falls under other sources.
yes it may be, if the fd is tax saving (fixed for 5 yrs or more)
| Originally posted by : CA Vj Gupta | ||
 |
Interest received on FDR IS EXEMPT INCOME.?????Which section /schedule it is falling |  |
No...
FD Interest is Taxable.
if it is for tax saving than yes else no
As per Notification 3/2018 CT it's exempted
| Originally posted by : Pankaj Rawat | ||
|
As per Notification 3/2018 CT it's exempted | |
Dear Sir.,
I / we think query about Income Tax...
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