KVP MATURITY ON 05.05.2019 FOR F.Y. 2019-20

This query is : Resolved 

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?

09 July 2020 Interest if fully taxable in the year of receipt if not offered in respective year's on due basis.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries