Need A Financial Product Forums Trading/Investments Is TDS applicable on ICICI bank’s iWish account

This topic contains 1 reply, has 2 voices, and was last updated by  Atul Dalvi 2 years, 8 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #48046

    Atul Dalvi
    Member

    I am maintaining a savings bank account with ICICI Bank. I am planning to reap their services of iWish account. This is a recurring deposit account. But I am not sure whether tax deduction at source is applicable on iWish or not. Can anybody help on this please?

    #48047

    To the best of my knowledge, tax deduction at source is not applicable on recurring deposits for any bank in India. ICICI bank’s iwish account is a recurring deposit account, the same goes for it as well.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com