Term deposit calculation produser
OMBIRSINGH (ASS.ACCOUNT MANAGER) (41 Points)
15 February 2017
term deposit are calculate in income or not
OMBIRSINGH (ASS.ACCOUNT MANAGER) (41 Points)
15 February 2017
Danish Jain
(Tax Adviser)
(397 Points)
Replied 15 February 2017
Interest on term deposit is calculated as income. Invested amount is not calculated as income for levying tax.
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