Taxability of 5 yr tax saving fd
This query is : Resolved
10 May 2014
My father had invested in 5 year Tax Saving FD in 2011 in joint name with my mother. He expired in 2013.
We had requested the bank to close the FD. As per the bank, the FD has to continue for 5 years. I am finding it difficult to account for the quarterly interest being earned on the FD.
Please advise
We had requested the bank to close the FD. As per the bank, the FD has to continue for 5 years. I am finding it difficult to account for the quarterly interest being earned on the FD.
Please advise
10 May 2014
Dear Atul,
You can ask bank the Interest certificate and form 16 for TDS deducted on the same on yearly basis.
You can ask bank the Interest certificate and form 16 for TDS deducted on the same on yearly basis.
Message likes :
1 times
10 May 2014
YOU CAN MAKE APPLICATION TO BANK WITH YOUR FATER DEATH CERTIFICATE . THAT PLS TFR THIS IN YOUR MOTHER NAME AND DEDUCT THE TDS IN YOUR MOTHER NAME.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- FORM 141 SDV query
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Eway bill not cancelled within 24 hous what can be due
- Capital gain on sale and purchase of plot
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
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
