Interest on sweep deposit
This query is : Resolved
09 March 2018
Whether Interest on sweep deposit is Time deposit Interest OR Savings bank interest
09 March 2018
Sweep deposit interest is nothing but time deposit , you are getting higher rate of return only based on particular period of TIme. so Income is considered as Interest from FD /TD
09 March 2018
Time deposit interest and is taxed as income from other sources
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