Do I need to pay tax on interest income

asked Jun 17, 2018 in Corporate Income Tax by anonymous

I have fixed deposits where the bank has deducted the WHT on interest. I have no other income. Do I need to open a tax file?

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answered Jun 24, 2018 by Vish (4.8k points)

Yes. Under the new act, it does not say that you need not open a tax file when you only have WHT deducted sources. Previously there was a provision like that.

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Do I need to pay tax on interest income

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