Tax

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Sujit Gupta

Sujit Gupta (Querist)
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15 September 2016 Dear sir,

How can I classify FD on BG , FD on LC As short term or long term deposit.

S. Harsha

S. Harsha (Expert)
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15 September 2016 Sir,

It depends on the maturity period of the Fixed deposit.
If FD is more than one year and if lien is there on such fd then it is non current.

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