Fixed Deposit interest calculation
This query is : Resolved
26 July 2010
Whether Bank consider the day on which it issue Fixed deposit receipt for interest calculation purpose ?
26 July 2010
Yes...interest is calculated from the date of FDR.
Message likes :
1 times
27 July 2010
i think interest would be calculated from the next day... for example if u deposit RS. 50,000/- today ie 27.07.2010 and withdraw on 31.07.2010 then no of days would be 4 ie 28,29,30 and 31
Message likes :
1 times
27 July 2010
Yes, you will get interest for 4 days - i.e 27,28,29 and 30. No interest for 31 as you have withdrawn money before the day closure.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
