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Reported Question / Answer
Q.) When is Income tax required to be deducted by the banks at source on interest accrued and paid by them on the fixed deposits? When the……………
1)
amount of interest accrued/payable is more than Rs. 5000 p. a.
2)
amount of interest accrued/payable is more than Rs. 10000 p. a.
3)
Interest is more than Rs. 20,000 p. a.
4)
customer is not valuable to the bank
5)
None of these
Answer :
1
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