AIR OF INCOME TAX – Bank FDs

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Q & A Forum › Category: Banking › AIR OF INCOME TAX – Bank FDs
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Kudvasridhar asked 6 years ago
If I Close my Bank FDRS of High Values close and credit to my Savings account and reinvest the same closure amount by dividing into different denominations for rate of interest , nominations purposes is there any problem.
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Sreekanth Staff answered 6 years ago
Hi, If you have invested in these FDs by property accounting for them and shown TDS correctly in your Income Tax Return filing then dividing these in to multiple FDs should not create any issue. Related Article :
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