5 year Taxsaver FD.
This query is : Resolved
22 March 2010
What is the treatment of Principal amount & interest at the time of receipt?
22 March 2010
Interest is taxable. Please see clause 15 of the CBDT notification 203/2006, dated 28-7-2006.
22 March 2010
agreed
22 March 2010
interest is taxable on accrual basis
Message likes :
1 times
22 March 2010
agree
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