Pundalika Achyutha Bhat 08 February 2021
It is a common knowledge that returns from investment (either interest, capital gains) in post office savings schemes, equities and MF units are either taxed or exempted as per the existing Income Tax Laws. My question is do the Investments (the principal amount) made by the assessee are taxable or not on maturity?. Looking for a clarification if the answer is either "yes" -OR- "no".
Harendra Kumar (A Practicing Lawyer) 07 April 2021
Except of principal amount. If you invested of Rs. 100/- and earned of Rs. 15/- ( any manner) from invested amount i.e. of Rs. 100/- then total amount is come at your hand is of Rs. 115/-, in this matter taxable amount is of Rs. 15/- only, If you having any other queries in this regard please intimate the same.
Pundalika Achyutha Bhat 08 April 2021
Thanks for the reply.
Member Strength 9,47,715 and growing..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
