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Paying Taxes in India: Can Interest on Savings Accounts Cover It?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Will it be correct to pay taxes and duties imposed by govt. in India (such as income tax, sales tax, service tax, dutis on commodities etc.) from interest given automatically on ordinary saving accounts by the banks in India? Particularly where a bank account is compulsorily required.

Bismillaah

A: Some Ulama have allowed the paying of taxes with interest money.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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