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Is ppf interest taxable?
No. It is not taxable
Interest on City of Boston Bonds - are they Taxable or non-taxable?
No city bonds are taxable
Are certificate of deposits taxable?
No, the monies that are in your Certificate of Deposit are not taxable but the interest that you make on the deposited monies are taxable. You should receive a 1099-B each for the amount of interest made on the CD for the year. http://taxresolutionaries.blogspot.com
Is interest on bank account taxable or non taxable?
Taxable, of course. Virtually all interest income is taxable, unless fro a specific tax exempt type investment..like state and muni bonds.
Do you have to pay taxes on earned interest?
Yes, interest income is taxable.
Is interest on savings account taxable?
Yes.
Is interest credited to account taxable?
yes
Are interest on bank accounts taxable?
yes
Is interest income taxed when received or earned?
Interest income is considered taxable when earned. For example, if your savings account accrues interest, it is taxable at the time of accrual even if you are not utilizing the funds within the account. However, if you are accruing interest on a treasury bond that you have not yet cashed, the interest is not taxable until the bond is cashed and you receive the funds.
When is interest on bank CD taxable?
for the year in which it was earned
What is taxable investment?
An investment, whose returns are taxable can be termed as taxable investment. For ex: In India, the interest earned on bank deposits are taxable. Hence depositing money in fixed deposits can be considered as a taxable investment
Is there a tax on a loan from parent to child?
Loan proceeds are not taxable, if your parents loaned you money and then decided to forgive the debt that wouldn't be taxable either (it's a gift). If you are paying your parents interest on the loan that interest is taxable income to your parents.
