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
CA Vj Gupta (24 Points)
12 July 2018Interest received on FDR IS EXEMPT INCOME.?????
Which section /schedule it is falling
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
(206 Points)
Replied 12 July 2018
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
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 17 August 2019
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.,
I / we think query about Income Tax...
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