Investment Income

Tax queries 419 views 2 replies

I have Rs. 1.50 Lacs investment in KYC, It will mature in next  month.

Whether interest component will be chargable to tax or exempt (please mention section if possible).

Plz suggest

Replies (2)

its taxable and u shud hv accounted interest income on accrual income basis, howevr still it is taxable in any case


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