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Interest on fd

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(Querist)
14 July 2014 Is interest on prematured FD of deceased father taxable in the hands of son where son is the joint holder of the A/c?
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Sandeep Dharar

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Sandeep Dharar (Expert)
14 July 2014 Yes interest will b taxable as other income. But the maturity of FD (whether due to death or as usual) is exempted income.

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