Multiple Choice Questions on Which of the following is not a feature of Recurring Deposit Account as per current income tax rules........... for UPSC Civil Services Examination (General Studies) Preparation

Back to Main Page

Multiple Choice Questions

Which of the following is not a feature of Recurring Deposit Account as per current income tax rules...........

Economic Affairs Tax System
    Download Solution PDF

    Which of the following is not a feature of Recurring Deposit Account as per current income tax rules?

    Rate of interest is normally higher than Savings Bank Account

    Incorrect Answer

    Loan facility is available on Recurring Deposit

    Incorrect Answer

    TDS is not applicable on the Interest earned by Recurring Deposits as per current income tax rules

    Incorrect Answer

    Premature closure of the Recurring Deposit Account is not allowed

    Correct Answer
    छोटे Courses बड़े Results
    Master Tax System
    Prepare through Micro-courses
    Try Now
    Explanation:

    4th statement is incorrect regarding the feature of Recurring Deposit Account as per current income tax rules.

    By: Abhipedia
    ProfileResources

    Let's Discuss

    Master
    Tax System
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free