Regarding fixed dep[osits
This query is : Resolved
14 August 2018
Is there any tax implication if we deposit more than 2 lac during the year. can we split the amount of deposit in different accounts if we deposit more than 2 lac.
14 August 2018
Interest income on Fixed deposit are full taxable. Interest income will be added to your total income & slab rate as applicable in your income. Such interest income are taxed when it is accrued and not when the FD matures or interest income payout.
It does not matter whether Amount of deposit splited or not, Interest income on Fixed deposit are taxable.
It does not matter whether Amount of deposit splited or not, Interest income on Fixed deposit are taxable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
