LAW Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

BITCOIN INDIA   16 May 2018

Fixed Deposit for leased amount of 10 lakh.

Hi i have recieved 10 lakh from leasing my old home. If I fixed deposit 10 lakh will I have to pay tax.

 1 Replies

Suri.Sravan Kumar (senior)     16 May 2018

if the interest exceeds Rs 10,000/- p.a. you will have to pay tax. Since the deposit amount is 10 lakh, the interest amount will be more than 10,000/- so it will attract TDS. Consult a good financial advisor for proper and appropriate advice in your matter

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads

Start a New Discussion Unreplied Threads

LCI Learning Hindu Laws

Popular Discussion

view more »

Post a Suggestion for LCI Team
Post a Legal Query