1. Customers are lured to open recurring deposits with promises of tax-free returns.
2. Of course, after a few questions you come to know that their interpretation of “tax-free” is that there is no tax deduction at source (TDS).
3. The investor still has to pay the tax on the income from the deposit.
2. Of course, after a few questions you come to know that their interpretation of “tax-free” is that there is no tax deduction at source (TDS).
3. The investor still has to pay the tax on the income from the deposit.