Tax saving fdr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2017
I had invested Rs.60000 in tax saving FDR in jan 14. But now i require funds can i encash my fdr please tell me. I am ready for penalty@1%
31 May 2017
Hi,
Tax saving FD cannot be closed premature. Check with your bankers for further details.
Tax saving FD cannot be closed premature. Check with your bankers for further details.
Expert : Anonymous
Expert :
Anonymous
(Expert)
31 May 2017
you can close it the banker will deduct tds it becomes current year income
03 October 2021
The penalty will not be just 1 % but the tax at slab rate, for which you need to produce ITO's permission.
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