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Fixed deposit maturity

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(Querist)
07 July 2014 Is maturity amount of fixed deposit taxable ? if FD is matured in a period less than 5 years ??
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Deepti Asawa

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Deepti Asawa (Expert)
07 July 2014 No, Amount of fixed deposit is not taxable. Interest on Fixed deposit is taxable.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 July 2014 since it is capital rec only int portion is taxable as income from other sources.
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Rupesh Jain

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Rupesh Jain (Expert)
08 July 2014 intt on FDR is taxable under income from other sources.

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