banner_ad

Fixed term deposit

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
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.
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
08 April 2012 There are no taxes liable while making the FDR though Net banking.

Please clarify the issue with bank.
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
08 April 2012 Agreed with Prashantji,
Profile Image

Mihir Doshi

Profile Image

Mihir Doshi (Expert)
09 April 2012 There is no difference between making direct deposit through bank or through net banking. Net banking saves your time and money to visit the bank.

No bank will deduct any taxes on opening of any Term Fixed Deposit.

Thanks
Mihir Doshi
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details