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(Querist)
16 December 2012 an individual govt employee received gratuity which is exempt from tax

now if he invest this income as a FDR now interest from this FDR will exempt or not ??

please reply...
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Amol S Joglekar

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Amol S Joglekar (Expert)
17 December 2012 It will be taxable.
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CA Roshan Jha

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CA Roshan Jha (Expert)
17 December 2012 The interest on FDR Shall be taxable.
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C.A. C.S. Meera Doshi

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C.A. C.S. Meera Doshi (Expert)
17 December 2012 Yes it is taxable!
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CA Garav Gulati

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CA Garav Gulati (Expert)
17 December 2012 It is taxable.

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