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.
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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.
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