If the interest alone is the income from fd, is it taxable?
Page no : 2
Sivaiah Ganga
(68 Points)
Replied 29 April 2017
Savings are not income... Where from these savings..... That is what we wanted to communicate..... If she is involved in some tuitions or any vocation thereby she earns some income and filed returns earlier you need not worry... Otherwise, people from incometax will be behind you
rocky
(accountant)
(953 Points)
Replied 04 May 2017
if interest amt. is less than 300000 for assesement year 17-18. no tax payable
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