MCQOPTIONS
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MCQOPTIONS
| 1. |
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…………… |
| A. | amount of interest accrued/payable is more than Rs. 5000 p. a. |
| B. | amount of interest accrued/payable is more than Rs. 10000 p. a. |
| C. | Interest is more than Rs. 20,000 p. a. |
| D. | customer is not valuable to the bank |
| E. | None of these |
| Answer» B. amount of interest accrued/payable is more than Rs. 10000 p. a. | |