Tax treatment of RD in post office
Shilky Agarwal (22 Points)
14 June 2018
my rd is matured from post office so i want to know its tax implications
9 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182870 Points)
Replied 14 June 2018
Interest income taxable under IFOS.....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182870 Points)
Replied 14 June 2018
Not taxable ...... (its capital receipt)
Shilky Agarwal
(22 Points)
Replied 14 June 2018
actually the RD was made by me almost 4-5 years ago and i am sole proprietor but i didn't show the same in my book and now it has been matured .
NITIN SABOO
(344 Points)
Replied 14 June 2018
Do u maintain individual balance sheet separate with firm balance sheet, if yes, than u can show in your personal balance sheet
NITIN SABOO
(344 Points)
Replied 14 June 2018
Frnd, In IT Return they are not asking for Individual balance sheet details to be clubbed with Business balance sheet. They asking only Business details
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