Hi,
I have few questions regarding the RD.
1) TDS is not applicable for RD.Do we have to declare it as other income?
2) When Tax is applicable on RD,after how much interest value,tax is applicable.
3) Is it really a good practice to open different RD’s at various banks/locations to save the Tax.
4) Can we not continue the RD more than 5 years?
Thnx,
Sona