Easy Office
LCI Learning

About Bank deposit


22 February 2017 Respected sir I earn RS 5200 pm from an office job. recently I have sold a land for RS 7 lakh. and I have a FD of RS 1 lakh running. My question is if I put that 7 lakh amount on 7 separate banks as FD of 1 lakh each then will TDS be deducted from any of the bank or ITDept... as my total interest receipt amount exceeds the TDS limit of RS 10000.

22 February 2017 The tds limits will be calculated bank wise. If the interest from any bank crosses the lower limit then the tds will be deducted only by that bank and not others.

22 February 2017 Thanks for your valuable comment






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries