Hi,
I have few doubts about interest capitalization on FDR investment
- When nominal interest is quarterly settlement but Withholding Tax at the time of End of Term or Year End whichever is earlier.
- In case of Rollover Function, Principal + Interest is capitalized what is the Withholding tax procedure (Financial Yer end/ middle of the Financial Year).
- In case of Capitalization of Interest - Interest is quarterly compounding but Withholding tax is yearly payment. How to configure this?
- In case of Capitalization of interest - first 2 years no withholding tax payment (quarterly compounding) after 2nd year withholding tax is applicable.
With regards
raju