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is fd matured income

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(Querist)
09 December 2009 if fd is matured & received full amt of fd then that income is chargable ? if yes , under what head
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
09 December 2009 Interest income earned from fixed deposit is chargable to Income Tax under the head "Income from other sources".
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shital

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shital (Querist)
09 December 2009 if fd is matured & received full amt of fd then that income is chargable ? if yes , under what head ( i,e the original amt of fd & not interest )
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
09 December 2009 Principal amount received back on FD maturity is not taxbale. Only interest received is taxable

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