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Interest on sweep deposit

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(Querist)
09 March 2018 Whether Interest on sweep deposit is Time deposit Interest OR Savings bank interest
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
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
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
09 March 2018 Time deposit interest and is taxed as income from other sources




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