QUOTE(yewkhuay @ Oct 3 2007, 05:36 PM)
but flexi account is not FD n no interest given rite ? it is used to park money there to reduce loan interest n hav to pay monthly charges like rm10 or something to maintain tht account isn't it ? so it is not related to the Tax issue, am i rite ?
correct me if i m wrong, serious.
By right, tax only applies to anything that generates income. Flexiloans doesnt generate any income for you, and its just a tool one use to reduce interest payments. correct me if i m wrong, serious.
So Spartacus bro, u accumulate your 200k solely on savings? Pardon my straight shooting, but really curious to know