What to do with earned interest ? : using interest money to pay taxes

Fatawa Question

I have a bank account in a secular bank in Kerala and there is RS 5000 as interest, at the same time I have to pay RS 5000 as income tax for my income for one year. If I can receive interest from the bank and pay the sum as Income tax ?

Fatwa

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Publication Date

2003-03-03

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726254

American Psychological Association (APA)

Qahf, Mundhir. 2003-03-03. What to do with earned interest ? : using interest money to pay taxes. .
https://search.emarefa.net/detail/BIM-726254

Modern Language Association (MLA)

Qahf, Mundhir. What to do with earned interest ? : using interest money to pay taxes. 2003-03-03.
https://search.emarefa.net/detail/BIM-726254

American Medical Association (AMA)

Qahf, Mundhir. 2003-03-03. What to do with earned interest ? : using interest money to pay taxes.
https://search.emarefa.net/detail/BIM-726254