Fixed deposit maturity
This query is : Resolved
07 July 2014
Is maturity amount of fixed deposit taxable ?
if FD is matured in a period less than 5 years ??
07 July 2014
No, Amount of fixed deposit is not taxable. Interest on Fixed deposit is taxable.
07 July 2014
since it is capital rec only int portion is taxable as income from other sources.
08 July 2014
intt on FDR is taxable under income from other sources.
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