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Tax Saver Fixed Deposit: Top 10 Tax Saving FDs in India
A tax-saving FD is a type of financial instrument offered by banks and financial institutions across the country. Section 80C of the Income Tax Act...
![TDS not Leviable on Non-Convertible Debentures and Fixed Deposit of Value less than Rs.5,000/-: Supreme Court Upholds HC Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Non-Convertible-Debentures-Fixed-Deposit-Supreme-Court-Taxscan.jpg "TDS not Leviable on Non-Convertible Debentures and Fixed Deposit of Value less than Rs.5,000/-: Supreme Court Upholds HC Order [Read Order]")
![Interest from Fixed Deposit is an Unearned Passive Income derived out of Non-Manufacturing Activity and not Eligible for Deduction U/S 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interest-Fixed-Deposit-Passive-Income-Non-Manufacturing-Activity-Deduction-ITAT-taxscan.jpg "Interest from Fixed Deposit is an Unearned Passive Income derived out of Non-Manufacturing Activity and not Eligible for Deduction U/S 80IC: ITAT [Read Order]")
![Interest received on Fixed Deposit/SSNL Bonds constitutes Business Income, can be included for calculating Remuneration of Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Interest-Fixed-Deposit-SSNL-Bonds-Business-Income-Remuneration-of-Partners-ITAT-Taxscan.jpg "Interest received on Fixed Deposit/SSNL Bonds constitutes Business Income, can be included for calculating Remuneration of Partners: ITAT [Read Order]")
CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench said that the CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from...
![CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/NFDC-CITA-fixed-deposit-interest-income-Income-from-Business-Income-from-Other-Sources-ITAT-Taxscan.jpeg "CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]")
Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]
In a recent ruling, the Rajasthan High Court held that the interest earned on Fixed Deposit receipts used by the assessee as borrowing margin money for funds for setting up the industry is revenue...
![Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]")