09-20-2011, 09:30 PM 
	
	
	
		State Bank deducts 10% withholding tax on payment of prize money of prize bonds. Same is the rule for profit on fixed deposits, Defense Saving Certificates etc. So do we need to include prize/profit in our taxable income and adjust that 10% withholding tax OR that 10% is final and no more tax needs to be paid on that income?
	
	
	
	

 



