Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the Tax Deduction Scheme for Interest?

Scheme tax deduction
0
Posted

What is the Tax Deduction Scheme for Interest?

0 CommentsAdd a Comment

1 Answer

0

The Tax Deduction Scheme for interest is a scheme under which building societies, banks and other deposit-takers are required to deduct lower rate tax (LRT) from certain payments of interest. Payment includes crediting interest to an account.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.