Is TDS to be deducted on Interest on FDR amounts to RS.12000........
lakshit
(accountant)
(44 Points)
Replied 28 August 2009
U/s 194-A of the Income Tax Act, 1961 tax is to be deducted on the total of interest paid by the bank of FDR.
1. If the interest in between 10,000 the tax shall not be deducted, therefore tax shall be deducted on 12,000 @ 10%
2. From the financial year 2009-10 if receipient do not show his pan no. to the bank, then the rate of tax shall be 20%, otherwise 10%.
P.K. SHAW
(CS & Compliance Officer and CA Final)
(59 Points)
Replied 28 August 2009
can anyone plz send me TDS calculator for the A.Y. 2010-11????
kapil kumar agrawal
(Chartered Accountant )
(169 Points)
Replied 29 August 2009
thanks a lot friends......
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