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Interest on F.D.

CA Mehul K. Thakkar (C.A.) (197 Points)

04 September 2009

under which head of income interest on F.D. Taxable?

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7 Replies

Dhaval (Manager Finance ) (26 Points)
Replied 04 September 2009

Income from Other Sources.

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CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 04 September 2009

Mehul,, m really sorry to say this, bt u r CA FINAL STUDENT, and u askin sch Question?????

M bit amased, coz its one of d most basic things...

Nywz, if u passed pe-2 or pce, then keep on updating all that u studied.. it really helps.. i do it too

BHAGYESH RAVANGE (C.A Job) (1528 Points)
Replied 04 September 2009

Income from other sources.

CA Deepak Soni (Chartered Accountant) (342 Points)
Replied 05 September 2009

obviously other source

CA. SUJAL MEHTA (Service) (3316 Points)
Replied 25 September 2009

MEHULLLLLLLLLLLLLLLLLLLL.......................... this is really very sorry on your part that you are asking such type of silly questions. I do not expect this from you. You have also spoiled our name and name of JINDAL.

Have you skipped Income From Other Sources in PCC?????????????

What is this MEHULLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL?

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(Guest)

i think mehul is taking dummy practice otherwise he cant ask that type of question'

Rajeev (www.rkmco.com) (985 Points)
Replied 25 September 2009

depends on what type of an FD it is , if term deposit , then IFOS , if its a current a/c sweep FD , then its business income.

Request to other members : Guys pls dont ridicule anyone if he has a doubt , remember being a CA student or a CA we have to keep on learning all our lives . A doubt is a doubt , no matter how big or small . Wish you guys all the good luck in your lives.