Rd interest and maturity amount

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rohit (Querist)
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17 May 2016 HI,

IS RD INTEREST RECEIVED FROM BANK/POST OFFICE TAXABLE?

MATURITY AMOUNT IS TAXABLE OR NOT?

Murtaza I Bhagat (Expert)
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17 May 2016 RD interest is taxable as income form other sources.

KAVIRAJA ADDANGADI (Expert)
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17 May 2016 Yes,RD interest is taxable Under income from other sources.

Neeraj Sharma (Expert)
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17 May 2016 only interest part of RD will be taxable income... under the head of Incone from Other sources..

Amol S Joglekar (Expert)
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18 May 2016 Interest on RD is taxable. The maturity amount includes both Interest + Principal, The principal is not taxable.

rohit (Querist)
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18 May 2016 WILL TDS PROVISIONS APPLY?

WHETHER IT WILL MAKE ANY DIFFERENCE IF RECEIVED FROM BANK/PO

Murtaza I Bhagat (Expert)
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18 May 2016 No difference taxability will be same on RD interest.

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