CA Day celebration 2024 Easy Office
LCI Learning

Rd interest and maturity amount

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 May 2016 HI,

IS RD INTEREST RECEIVED FROM BANK/POST OFFICE TAXABLE?

MATURITY AMOUNT IS TAXABLE OR NOT?
Profile Image

Murtaza I Bhagat

Profile Image

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

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
17 May 2016 Yes,RD interest is taxable Under income from other sources.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Neeraj Sharma

Profile Image

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

Amol S Joglekar

Profile Image

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

rohit

Profile Image

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

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

Murtaza I Bhagat

Profile Image

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

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links