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Fixed deposit interest

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(Querist)
22 August 2011 Hi,

Is Interest on fixed deposits exempt for trust having 80G exemption?

As per my understanding surplus invested as per Sec.11(5) is exempted but the income accrued/received from that is it taxable.

Pl guide me if its exempt under which section.
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CA Navin Jain

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CA Navin Jain (Expert)
22 August 2011 Interest on fixed deposits are taxable for all type of assessee.

No Exemption for Trust.

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