Taxation For RD

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TAX PRACTITIONER
293 Points Posted on 12 November 2020
Dear sir, My client received RD 3 lakh rupees so RD is taxable or exempted.
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On 12 November 2020 at 17:44 Report
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Quick Summary
This discussion clarifies the tax implications of Recurring Deposits (RDs). It addresses whether the principal amount of an RD is taxable or exempt. The key takeaway is that only the interest earned on an RD is subject to taxation, not the initial deposit itself. TDS (Tax Deducted at Source) is typically applied to the interest portion upon maturity.

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284 Points Posted on 12 November 2020
Rd means recurring deposit ?
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On 12 November 2020 at 21:42
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Tax consultant
5895 Points Posted on 13 November 2020
After maturity
tds cut from the time of doing rd
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On 13 November 2020 at 01:35
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Accountant
3662 Points Posted on 13 November 2020
Only Intetest portion is taxable
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On 13 November 2020 at 12:02

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