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Ftd

This query is : Resolved 
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(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.
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
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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