Ftd

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NJ (Querist)
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08 April 2012 Suppose If aperson make a Fixed Term Deposit of amount of 30000 for 3 years in SBI using Internet Banking.For that he have to be pay some tax?
If the FTD is made directly through the bank then also ?
What is the difference between these two cases?
Please tell me.

CMA Ashutosh Kumar Gupta

CMA Ashutosh Kumar Gupta (Expert)
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09 April 2012 What difference you exactly want to know? here the case appears of TDS by the banker on the portion of interest per rate applicable and as prescribed.

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