banner_ad

Tax saving fdr

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 May 2017 I had invested Rs.60000 in tax saving FDR in jan 14. But now i require funds can i encash my fdr please tell me. I am ready for penalty@1%
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
31 May 2017 Hi,

Tax saving FD cannot be closed premature. Check with your bankers for further details.
Avatar

Expert : Anonymous

Profile Image
Expert : Anonymous (Expert)
31 May 2017 you can close it the banker will deduct tds it becomes current year income
Profile Image

Dhirajlal Rambhia online

Profile Image

Dhirajlal Rambhia online (Expert)
03 October 2021 The penalty will not be just 1 % but the tax at slab rate, for which you need to produce ITO's permission.
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
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details