09 July 2020
I had invested Rs.260000/- and received Rs.520000/- as maturity. Is interest received 260000/- fully taxable? Can I show principal amount 260000/- as tax exempted income? Kindly help.
09 July 2020
KINDLY SEND REPLY. KVP PURCHASED 260000/- AND M/V RECEIVED 520000/- IS INTEREST FULLY TAXABLE? CAN I SHOW PRINCIPAL AMOUNT OUT OF SAID MATURITY VALUE AS EXEMPTED INCOME?