For FY 2018-19 50000 interest from FD + savings int is exempt under sec 80TTB for senior citizen.
If i make online FD from current account it makes FD in the name of proprietor firm.
So GST turnover and gross receipts are different. Moreover I am not sure whether i Will get exemption if FD is in name of firm ??. Clarify this point.
Better to transfer the amount to sav acc and make FD..
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