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Is ppf amount taxable after maturity?
No. it is not taxable
Interest on ppf is exempt under which section?
10(11)
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.
Do you have to pay tax on CD interest?
Yes, you generally have to pay tax on the interest earned from a CD. This interest is considered taxable income by the government.
Is changing the owner of a life insurance policy a taxable event?
it is not a taxable event however the new owner has to have insurable interest on the insured for that to be approved
Is ppf amount taxable after maturity?
No. it is not taxable
Interest on ppf is exempt under which section?
10(11)
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.
Is territorial interest taxable?
yes
Do you have to pay taxes on earned interest?
Yes, interest income is taxable.
Is interest credited to account taxable?
yes
Is interest on savings 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.
PPF interest is exempt under which section of Income Tax Act 1961?
section 10(11)
