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Tax treatment of RD in post office

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22 Points Posted on 14 June 2018
my rd is matured from post office so i want to know its tax implications
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On 14 June 2018 at 14:41 Report
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SEO Sai Gr. Hosp.
211627 Points Posted on 14 June 2018

Interest income taxable under IFOS.....

581 Reply
On 14 June 2018 at 14:46
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22 Points Posted on 14 June 2018
and what about principle amount???
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On 14 June 2018 at 15:08
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SEO Sai Gr. Hosp.
211627 Points Posted on 14 June 2018

Not taxable ...... (its capital receipt)

581 Reply
On 14 June 2018 at 15:15
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22 Points Posted on 14 June 2018
actually the RD was made by me almost 4-5 years ago and i am sole proprietor but i didn't show the same in my book and now it has been matured .
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On 14 June 2018 at 15:16
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344 Points Posted on 14 June 2018
Do u maintain individual balance sheet separate with firm balance sheet, if yes, than u can show in your personal balance sheet
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On 14 June 2018 at 16:21
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22 Points Posted on 14 June 2018
no .i dont..
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On 14 June 2018 at 16:22
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344 Points Posted on 14 June 2018
Is it merged with firm balance sheet
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On 14 June 2018 at 16:24
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22 Points Posted on 14 June 2018
yes because i am individual proprietor
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On 14 June 2018 at 16:26
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344 Points Posted on 14 June 2018
Frnd, In IT Return they are not asking for Individual balance sheet details to be clubbed with Business balance sheet. They asking only Business details
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On 14 June 2018 at 16:28


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