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David Rana

David Rana (Querist)

12 October 2017 Is saving bank interest liable to TDS if it exceeds Rs. 10,000 per annum as per section 194A?

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)

12 October 2017 No TDS is applicable on Interest from SB accounts

Ashiwini Ballodia

Ashiwini Ballodia (Expert)

12 October 2017 Agree with Srinivas Sir. TDS not deducted on SB interest even if interest exceed Rs.10000/-

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

12 October 2017 TDS not deducted on interest received from saving a/c

S S Dahale

S S Dahale (Expert)

13 October 2017 it is DUTY BOUND by ALL banks, including PSU banks and Cooperative banks, to DEDUCT TDS on interest in Savings bank account , ..if -n-if INTEREST component of INTEREST > exceeds THRESHOLD limit of Rs.10000 on .at the same time PRIVATE BANKS ( read YES BANK) scrupulously follow it ( -deducts (@10% being PAN holder) to the same and issues TDS certificate)

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David Rana

David Rana (Querist)

13 October 2017 thank u S S Dahale#

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