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yogender dayma (asstt. professor)     09 June 2012

Thrift and credit society

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?

 1 Replies

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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