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interest on amount deposited in bank after sale of house

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(Querist)
02 January 2010 when we sale house and deposit amount in to special bank a/c for claiming exemption u/s54.Is bank give interest on such deposits
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
02 January 2010 Dear Sushil
Interest on Bank Deposit shall be taxable as "Income from other Sources"
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 January 2010 Interest at the rate specified ,from time to time, by Reserve Bank Of India will be allowed and credited to the account at the end of each half-year.
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