This document is a term deposit receipt for Ganga Prasad showing details of a fixed deposit of INR 100,000 with an interest rate of 8.5% per annum maturing on September 10, 2014 with the maturity amount of INR 106,420.35. The deposit was made on December 14, 2013 for a period of 0 months and 270 days at the Lucknow branch. Ganga Prasad is the sole account holder and Pratibha Pant is listed as the nominee. The document also provides information about requirements to furnish a Permanent Account Number to claim tax benefits and notes that interest earned on NRO accounts is taxable under Section 195 of the Income Tax Act.
This document is a term deposit receipt for Ganga Prasad showing details of a fixed deposit of INR 100,000 with an interest rate of 8.5% per annum maturing on September 10, 2014 with the maturity amount of INR 106,420.35. The deposit was made on December 14, 2013 for a period of 0 months and 270 days at the Lucknow branch. Ganga Prasad is the sole account holder and Pratibha Pant is listed as the nominee. The document also provides information about requirements to furnish a Permanent Account Number to claim tax benefits and notes that interest earned on NRO accounts is taxable under Section 195 of the Income Tax Act.
This document is a term deposit receipt for Ganga Prasad showing details of a fixed deposit of INR 100,000 with an interest rate of 8.5% per annum maturing on September 10, 2014 with the maturity amount of INR 106,420.35. The deposit was made on December 14, 2013 for a period of 0 months and 270 days at the Lucknow branch. Ganga Prasad is the sole account holder and Pratibha Pant is listed as the nominee. The document also provides information about requirements to furnish a Permanent Account Number to claim tax benefits and notes that interest earned on NRO accounts is taxable under Section 195 of the Income Tax Act.
A-15 KURMANCHAL NAGAR PO RSM NAGAR Customer No : 10159045
Branch Name : LUCKNOW Period of Deposit : 0 Month(s) 270 Day(s) LUCKNOW, UTTAR PRADESH Deposit Type : TERM DEPOSIT - DOMESTIC (REINVESTMENT) Pincode : 226016 Nominee : Y Account Holder(S) : GANGA PRASAD Lien : N Joint Account Holder 1 : PRATIBHA PANT Joint Account Holder 2 : N/A Deposit Amount Date of Issue Rate of Interest (p.a.) Maturity Date Maturity Amount INR 100000.00 14-12-2013 8.50% 10-09-2014 INR 106420.35 Deposit amount (in words) : Interest payment frequency : Indian Rupee One Hundred Thousand Only Quarterly Compounded *Maturity amount is subject to change in case of TDS/part withdrawal. *This is a valid computer generated advice and does not require a stamp/signature. *Please ignore this advice if you have redeemed or renewed this deposit on or after the maturity date as mentioned. Requirement to furnish Permanent Account Number (applicable to Domestic & NRO Accounts) 1. Under newly inserted section 206AA of the Income Tax Act, 1961, w.e.f. 1st April 2012, non-furnishing of PAN to deductor ( i.e to bank) would result in deduction of TDS at higher rate of 20%. 2. Declaration in 15G/15H under section 197A for non deduction of TDS shall be invalid if it does not contain PAN and bank shall proceed with deduction of TDS at higher rate as mentioned above. In view of above amendments it would be in the best interest of the customers to furnish the photocopy of the PAN card (if not submitted earlier) to the branch where the account is maintained. 1. NRO deposit holders cannot claim DTAA benefit if PAN is not provided. Tax will be deducted at 30.90% for non PAN customers inspite of TRC submission. Non-Resident Deposits - Every rupee earned as interest on NRO deposits is taxable under Sec. 195 of Income Tax Act. There is no threshold limit. - Interest earned on NRE / FCNR deposits is exempted under Sec. 10 of Income Tax Act. Resident Customers Non-Resident Customers