Taxability of fd maturity proceeds

CA.Varalakshmi.M (Manager-Finance) (482 Points)

21 May 2012  

Hi friends,

When we make investment in fixed depoists for a tenure of five years or more, we get income tax deduction u/s 80C but interest is subj to TDS .

 

my doubt is what is taxability of princiapal of FD maturity proceeds.Is it taxable or nt