Is interest and dividend income earned as a member of a thrift and credit society taxable? if yes then at what rate and under what head it should be shown?
yogender dayma (asstt. professor) 09 June 2012
Is interest and dividend income earned as a member of a thrift and credit society taxable? if yes then at what rate and under what head it should be shown?
pradeep (na) 11 June 2012
Yes, and at the same rate as other income. Interests of FD or RD's are added to your income and taxed depending on the total taxable income.
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