when interest on recurring deposit is credited after maturity at once or yearly or monthly of a monthly recurring deposit...?
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14846 Points)
Replied 22 July 2022
Yearly................
priyatambika
( ca final student)
(323 Points)
Replied 22 July 2022
so it will get taxable in the year of receipt..?
prasad Nilugal
( GST Practitioner & Accounts )
(14846 Points)
Replied 22 July 2022
Interest earned on recurring deposite taxable, if cross threshold limit .
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