Kim /kim/ [1 syll.] as a boys' name (also used as girls' name Kim) is pronounced kim. It is of English origin. Short form of Kim-names like Kimball or Kimberly. Kim is also a Korean surname meaning gold. Literary: name of the boy hero of Rudyard Kipling's novel Kim.
Tax deducted at source becomes applicable when the depositor exceeds the cap of Rs.10,000 of interest earned in a financial year of a fixed deposit account held at a branch. Tax deducted at source or TDS is deducted with every payment that the bank make towards an account that is earning over Rs.10,000 as interest. Furthermore, TDS is deducted even if the amount has not yet been paid to the account holder physically.
ANSWER: Interest from the deposit under Capital Gains Account Scheme has nothing to do with the provisions relating to taxation of capital gains.It is taxable in the year in which it is due and credited in the assessee's account as income from other sources.UESTION: The entire sale proceeds of a residential property for Rs.29 lakh were deposited in a designated branch of a nationalised bank under Capital Gains Account Scheme during September 2010.