Interest on multioptional deposit
This query is : Resolved
02 July 2013
If we have a multioptional deposit ( Saving account which automatically convert into FD if balance in accounts execeeds certain limit and dissolve the same if balance in bank below certain limit ) , in whole year for sometym it is FDR ad for some tym Saving ..So interest on the same will be considered as INTEREST ON SAVING BANK ACC. OR INTEREST ON FDR. Which TDS provision, Intt on fdr or Interest on saving bank account , is applicable .
02 July 2013
you can ask the bank to provide interest certificate of FD and saving account.
02 July 2013
They Said TDS cant be deducted on the basis of bifurcation ..TDS provisons of FDR and saving account is differernt. One has to be opted so which one is appropriate ,
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Multiple trade mark
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
