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Pundalika Achyutha Bhat   08 February 2021

Taxability aspect of principal amount invested by an assesse

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".



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 2 Replies

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.


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