of income. my question is that will she have to pay income tax?
Professional Answers on Investments
Insurance, Mutual Funds, Sensex, Nifty, Financial Planning
of income. my question is that will she have to pay income tax?
Our Popular Network: | |||||
InvestmentKit.com | WholeSale2c.com | DodaCharts.com | IndianPostOffice.Helpof.com | SBILifeInsurance.Helpof.com | VedicAstrologyKit.com |
ncertcbse.helpof.com | |||||
how did she get the FDs made if she has no income ?
the assessing officer will ask u this question
and as for the interest income income . it is taxable if it exceeds the max limit of exemption allowed to ladies ..
also check the age criteria for 65 yrs age limit
if d interst paid is mor dan 10,000/- dan yes ul hav to pay d taxes. to avoid submit form 15G( avail wit bank) and copy of PAN card or keep deposit t in small amount so dat d interst doesnt crosses 10000 for dat single deposit also make sure wit d bankers were u r bankin.
Your collection of words is neither a question OR a coherent statement. Please add details including actual numbers.
Max.exemption limit for ladies is Rs.1.80 lacs & if the interest is below this amount,she need not to pay tax.Bank will deduct TDS @ 10% if the interest exceeds Rs.10,000/- p.a. & PAN no.is given.To avoid this you can give declaration on form 15(G) available with the bank alongwith photocopy of PAN
no.If you don’t furnish your PAN no.the TDS @20% will be deducted by the bank.