intt on recurring deposits
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2010
recurring deposits with post office matured in f.y.2009-10 after a tenure of 10 years. yearly intt never shown. total intt of 10 years is 242000/- how much to be taxed in a.y.2010-11
31 July 2010
INTEREST SHOLUD BE TAXED ACCURED BASIC. IF YOU ARE NOT TAKE INTEREST ACCURED BASIC , THEN SHOULD TAKE IT AS WHOLE IN THE YEAR OF MATURITY.
AS PER PERSONAL OPINION, IN CASE OF POST OFFICE SAVING, PAN NO IS NOT DEMANDED BY POST OFFICE I.E IF YOUR PAN IS NOT AVAILABLE WITH POST OFFICE, THEN YOU CAN LEFT IT AS WHOLE JUST LIKE YOU HAVE IN LAST 10 YEARS.
AS PER PERSONAL OPINION, IN CASE OF POST OFFICE SAVING, PAN NO IS NOT DEMANDED BY POST OFFICE I.E IF YOUR PAN IS NOT AVAILABLE WITH POST OFFICE, THEN YOU CAN LEFT IT AS WHOLE JUST LIKE YOU HAVE IN LAST 10 YEARS.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2010
how intt beyond 7 years should be taxed
31 July 2010
YES, IF YOU HAVE NOT TAKEN EARLIER, IT CAN BE TAXED IN YEAR OF RECEIPT.
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