Petition updateAbolition of Income tax on Interest on FDs in Banks125 signatures obtained Not enough
sitarama raoIndia
Apr 4, 2016
Dear all, Thanks for all people who signed the petition. Number of signatures increased significantly for the last two days. But to make the petition effective, number of signatures should increase to thousands. I request all people who have signed to use all their connections to increase number of signatures. After all, we are saving some balance money after paying income tax, in FDs to protect our future financially. Banks are investing and giving some interest to us. Govt may be utilizing some of these deposits also. Yet it is taking some of interest in form of income tax , which is not fair. Bank interests are being reduced. It is high time that Govt should abolish tax on interests, since the interest is much less compared to the rate at which rupee is devalued because of inflation Let us all increase number of signatures to make the petition effective,
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