MY QUESTION
I M RECEIVED 205000/- CAPITAL GAIN TAX SAVING SCHEME INTEREST .
AND INTEREST OF RS. 205000/- IS TAXABLE INCOME OR EXEMPT INCOME
PLS SEND ANSWAR FOR THE PURPOSE OFINCOME TAX RETURN
SUNIL SINGH (ACCOUNTANTS AND INCOMETAX WORKS) (142 Points)
02 March 2010MY QUESTION
I M RECEIVED 205000/- CAPITAL GAIN TAX SAVING SCHEME INTEREST .
AND INTEREST OF RS. 205000/- IS TAXABLE INCOME OR EXEMPT INCOME
PLS SEND ANSWAR FOR THE PURPOSE OFINCOME TAX RETURN
Amir
(Learner)
(4016 Points)
Replied 02 March 2010
Dear Sunil,
Interest earned on balance lying in account opened as Capital gain account scheme is taxable........
C.Balaji
(Learner)
(1867 Points)
Replied 02 March 2010
Agree with Amir brother.....
Interest earned on balance lying in account opened as Capital gain account scheme is taxable........