is maturity of FD is taxable?
what is the rate of tax?
tarun kumar (any) (146 Points)
19 March 2019
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 19 March 2019
No, the principal amount received on maturity of FD is not taxable.
Only the interest amount is liable for TDS @ 10%.
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