Interest received on FDR IS EXEMPT INCOME.?????
Which section /schedule it is falling
Interest received on FDR
CA Vj Gupta (24 Points)
12 July 2018
6 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 12 July 2018
It it not an exempt income unless total income falls within the exemption limit for the purpose of computation of income. Income falls under other sources.
Rakesh Mishra
(207 Points)
Replied 12 July 2018
yes it may be, if the fd is tax saving (fixed for 5 yrs or more)
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 12 July 2018
| Originally posted by : CA Vj Gupta | ||
 |
Interest received on FDR IS EXEMPT INCOME.?????Which section /schedule it is falling |  |
No...
FD Interest is Taxable.
JOSEPH MATHEW
(MANAGER ACCOUNTS)
(123 Points)
Replied 15 July 2018
if it is for tax saving than yes else no
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 17 August 2019
As per Notification 3/2018 CT it's exempted
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 19 August 2019
| Originally posted by : Pankaj Rawat | ||
|
As per Notification 3/2018 CT it's exempted | |
Dear Sir.,
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