Tds u/s 194a incase deposits of govt departments

Virendra Khandelwal (Accountant) (32 Points)

05 December 2016

Sir

Government Organization which have valid PAN of Governement Catagory,having Fixed Deposits in bank, bank is deducted TDS or Not

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3 Replies

CA Ashish Barthwal (Practising Chartered Accountant) (104 Points)
Replied 06 December 2016

It's depend on type of Government Department. And moreover the Government department may give a letter to the bank for non deduction of TDS.

Virendra Khandelwal (Accountant) (32 Points)
Replied 06 December 2016

Sir

Rajasthan State Government Department

CA Ashish Barthwal (Practising Chartered Accountant) (104 Points)
Replied 07 December 2016

Dear Virendra Section 196 of the income tax act, is the answer of your question. Thanks.

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